Mumias Sugar sounds profit warning as half-year loss escalates to Sh2.9b

This means for the full year ending June this year, the troubled sugar miller will post at least a Sh5.9 billion loss, which is 25 per cent higher than last year when it posted a Sh4.73 billion loss.PHOTO:COURTESY

Mumias Sugar Company’s loss for the six months ended December last year has widened by 87 per cent to Sh2.92 billion.

The half-year loss has prompted the miller to issue a profit warning.