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Sasini books Sh1.1bn gain from sale of Nyeri land

Mr Naushad Merali. Sasini land sale is the latest sell-off seen among companies in which he has significant interests. PHOTO | FILE

Agricultural firm Sasini has sold 513.7 acres of its leasehold land in Nyeri for Sh1 billion in a transaction that boosted its net profit to Sh1.1 billion in the year ended September.

The company declared a dividend of Sh0.25 per share in the period, same as the payout for the previous year when its net profit stood at Sh45.4 million.

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Note: The results are not exact but very close to the actual.

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