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Sasini issues profit warning for year ending Sept

Sasini coffee and tea products. The firm's net profit stood at Sh45.4 million compared to Sh91.6 million the year before. PHOTO | FILE

Listed agriculture firm Sasini has issued a profit warning for the year ending September 2016, attributing the drop to the effect of the one-off gain on a land sale made last year.

Sasini’s profit in the year ending September 2015 had been boosted massively by the sale of 513.7 acres of its land in Nyeri for Sh1 billion. The sale pushed the firm’s net earnings to Sh1.1 billion, from Sh45.4 million in 2014.

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