Sasini raises dividend by half despite 53pc profit drop

Workers process macadamia at the Sasini nuts plant in Kiambu. PHOTO | POOL

Agricultural firm Sasini has increased dividend payout by 50 percent to Sh342.1 million despite the net profit more than halving to Sh542.6 million in the financial year ended September 2023.

The board announced Monday it has recommended a final dividend of Sh0.50 per share amounting to Sh114.25 million to add to the Sh1 per share interim dividend or a total of Sh228.06 million that had been paid early July last year.

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