Agricultural firm Sasini's has bounced back to profitability posting a net profit of Sh122million in half-year period ended March 31 2021 up from a Sh13 million loss in the same period last year. The firm attributes the improved performance to improved coffee prices, good weather conditions and cost containment measures. A decline in tea prices and low demand for tea and coffee led to a two per cent dip in revenue to Sh2.024billion at the end of March 2021, from Sh2.070 billion in March 2020. Sasini which exports tea, coffee, macadamia, avocado and other agricultural produce, is optimistic about the second half of the year. In addition, Sasini is counting on the prevailing good weather and improved tea prices to deliver good financial results at the end of the year.

Source: The Star May 12, 2021 11:26 UTC