Listed food processor Unga Group has reported a loss of Sh131.3 million for the six months to December 2022, reversing a profit of Sh8.4 million in the previous year, on increased operating expenses, high inflation and the weakening shilling.
The miller’s revenue jumped 36 per cent from Sh8.8 billion reported in December 2021 to Sh12 billion on higher prices for final products amid inflation.
