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…
Read MoreWilliamson Tea reports triple digit growth in half year profit amid economic hardships
