Williamson Tea Kenya #ticker:WTK and its affiliate Kapchorua Tea #ticker:KAPC have sunk into half year losses for the period to September 2018 on depressed tea prices and high operating expenses.
Williamson posted a Sh85 million net loss, down from previous year’s profit of Sh43.4 million. Meanwhile, Kapchorua Tea’s after-tax loss widened more than five times to Sh76.5 million from last year’s loss of Sh14.5 million.
