Unga posts Sh511.1mn half year net profit amid buyout talks

Flour made by the Unga Group. PHOTO | FILE

Listed miller Unga Group #ticker:UNGA has posted an after-tax profit of Sh511.1 million for the six months to December, a near four-fold increase in earnings which resulted from higher sales.

The firm, which is the buyout target of American multinational Seaboard Corporation, saw its turnover improve 8.1 per cent to close the period at Sh11.07 billion.

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