Uchumi cuts losses 39 per cent after lowering costs

Uchumi Supermarket #ticker:UCHM posted a 39 per cent improvement in its loss-after-tax position in the financial year ended June due to what it termed as “improved cost management” that helped it to improve its margins.

The retailer recorded a Sh1.7 billion loss after tax during the year, compared to a Sh2.8 billion in the previous year.