Unga warns of full-year loss due to high input costs

unga

Unga Limited silo in Eldoret. FILE PHOTO | NMG

Listed food processor Unga Group anticipates to record a loss for the year ending June 2023, reversing a Sh311 million profit reported the previous year.

The firm cited increased production costs triggered by a scarcity of locally sourced raw materials, which forced it to turn to imports at high global prices.

PAYE Tax Calculator

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