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Sameer narrows loss 68pc after closure of tyre unit

Sameer closed the loss-making tyre unit in May, leaving it with the real estate business, which it says is profitable. FILE PHOTO | NMG

By  Victor Juma

Business Editor

Nation Media Group

Sameer Africa #ticker:FIRE narrowed its net loss 68 per cent to Sh58.5 million in the half year ended June, benefiting from the closure of its troubled tyre business.

The Nairobi Securities Exchange-listed firm had made a net loss of Sh182.7 million a year earlier.

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Note: The results are not exact but very close to the actual.

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