Flame Tree net earnings fall 75pc on expenses

Flame Tree CEO Heril Bangera. FILE PHOTO | NMG

Diversified manufacturing and distributions company Flame Tree Group net profit in six months to June plunged 75 percent plunge to Sh9.59 million from Sh39.9 million in the first half of 2018.

Higher operating expenses amid a decrease in inventory saw expenses climb faster than revenues.

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