Poor weather eats into Sasini profit

Daniel Gathee shows the dried parch of his tea crop affected by drought at his farm in Iriaini, Othaya within Nyeri county, April 19, 2017. PHOTO: Mose Sammy, Standard

Poor weather and high labour costs have seen Sasini Ltd’s profits dip by more than half over six months to March 31 this year.

The tea and coffee producer reported a 60 per cent drop in net profit to Sh77.29 million in the half-year to March 31 from Sh197.52 million posted over a similar period last year.