Unga CEO gets 54pc pay rise in year of Sh32m loss

Unga Group CEO Nick Hutchinson. FILE PHOTO | NMG

Unga Group #ticker:UNGA CEO Nicholas Hutchinson got a 54.4 per cent pay rise in the year ended June when the human and animal feed miller slipped into a Sh32.2 million loss, the company’s latest financial report shows.

The Unga board also got an aggregate pay increase of 49.5 per cent while employees’ salaries rose by a relatively modest margin of 14 per cent, the firm says in disclosures that are expected to give shareholders insight into the company’s cost structure.

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