Kenyan firm Sasini bounces back to profitability despite decline in half year revenue

KENYA – Sasini, a Kenyan agricultural firm that produces and exports tea, coffee, macadamia and avocado has bounced back to profitability, posting a net profit of Ksh.122million (US$1.13m) in half-year period ended March 31 2021, a recovery from a Ksh13 million (US$121,000) loss attained in the same period last year. The firm, according to reports by Citizen Kenya, attributes the improved performance to gains from non-sales income, with the group ‘s operating activities yielding in gains of Ksh.177.9 million (US$1.66m) from a loss of Ksh.7.3 million (US$68,000) previously. The growth…

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Sasini bounces back to profitability defying COVID-19 disruptions

KENYA – Sasini, Kenyan agricultural firm dealing largely in tea, coffee, macadamia and avocado production and export has reported a 48.32% rise in full year revenue for the period ended September 2020 to Ksh. 4.14 billion (US$37.6m). The jump in revenue enabled the company to return to profitability earning 12.61 million (US$114,500), a recovery from 2019’s 337.74 million (US$3.06m) loss. According to reports by Business Daily, the turn around witnessed by the group was spearheaded by rise in sales in both the local and international market, across most of its…

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