The Standard Group Plc is a multi-media organization with investments in media
platforms spanning newspaper print operations, television, radio broadcasting,
digital and online services. The Standard Group is recognized as a leading
multi-media house in Kenya with a key influence in matters of national and
international interest.
Poor weather conditions have sunk Limuru Tea Company into losses, condemning investors to a dividend drought.
Unaudited results for the six months of trading ended June 30, 2017, saw the Nairobi Securities Exchange-listed firm register a loss of Sh4.51 million, a 203 per cent drop in earnings from a profit position of Sh4.37 million the previous year.
Chairman Richard Korir said erratic weather conditions, especially in the first half of the year, were to blame for the loss.