Deacons blames tough business environment for Sh180 mn loss

Deacons chief executive officer Muchiri Wahome. FILE PHOTO | NMG

Deacons East Africa's #ticker:DCON half-year loss for the period to June 30, 2017 deepened nearly two-and-a-half fold, the lifestyle clothing firm reported on Wednesday, blaming a tough operating environment.

Net loss for the half year period increased by 242.81 per cent to Sh180.42 million from Sh52.63 million in the same period last year on slower growth in sales amid rising expenses.

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