Millers sink further into the red as losses hit Sh3b

Nzoia Sugar Company in Bungoma County. The miller made the highest loss at Sh2 billion in the 2014/15 financial year. [File, Standard]

Financial woes facing local sugar millers have deepened further with three factories reporting more than Sh3.3 billion in losses, according to the latest Auditor General’s report.

The report shows Nzoia Sugar Company reported a Sh2 billion loss in the 2014/15 financial year while Sony and Chemelil sugar companies made Sh748 million and Sh640 million loss respectively.