Williamson Tea reports triple digit growth in half year profit amid economic hardships

KENYA – Williamson Tea, a Kenyan listed tea manufacturer has posted a net profit of Ksh33.9 million (US$308,000) in the half-year period that ended on 30th September 2020, a 151% increase from the loss of Ksh65.9 million (US$308,000) registered in September 2019. According to its financial earnings report, the company recorded Ksh1.9 billion (US$17.28m) in revenues in the period under review, up from Sh1.3 billion (US$11.8m) of 2019, reflecting a 45% rise. The firm attributes the good performance to favourable weather and strong support from smallholder tea farmers in the…

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