Uchumi cuts losses by 40.8 per cent to Sh1.7 billion on closure of branches

Uchumi Supermarket, Capital Centre, Nairobi. [Standard, File]

Uchumi Supermarkets has cut its full-year losses by 40.8 per cent to Sh1.68 billion for the financial year ended June 30, 2017, supported by closure of some branches.

The improved result is credited to limited exposure of the group following the closure of key subsidiaries that are not factored in the current results.