Williamson Tea Kenya #ticker:WTK and its associate Kapchorua Tea Kenya #ticker:KAPC narrowed their losses in the half year ended September and issued pessimistic forecasts for the full year ending March 2020.
Williamson’s net loss in the review period stood at Sh65.8 million, dropping 22.5 percent from Sh85 million a year earlier. The company’s sales declined by a third to Sh1.3 billion from Sh1.9 billion, indicating that lower costs helped to reduce the loss.
