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Mumias Sugar sinks into Sh15 billion loss

By Moses Omusolo | Mar. 14, 2019
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Mumias Sugar Company Board Chairman Kennedy Ngumbau Mulwa(left) flanked by new Managing Director Nashon Aseka (right) during their board meeting at the miller on June 15th, 2017. [Chrispen Sechere/Standard]

Mumias Sugar Company plunged further into the red after its losses increased by 122 per cent in the financial year ending June 2018.

The cash-strapped company suffered a net loss of Sh15.1 billion compared to Sh6.8 billion in the 2017 financial year.

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Related Topics

Mumias Sugar Mumias Sugar Company Kenya Revenue Authority
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