Williamson Tea #ticker:WTK and Kapchorua Tea #ticker:KAPC have warned of weaker earnings in the future after the two firms posted poor performance for the year ended March 2021 on the back of global oversupply.
The listed tea firms— which cultivate, manufacture and sell tea — said in separate financial performance reports that oversupply of the Kenyan tea coincided with weaker global demand, hurting earnings for the full-year period through March 2021.
