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Kenya's Mumias sugar first-half loss widens on poor output, shutdown

NEWS
By Reuters | March 6th 2015

Kenya's Mumias Sugar reported a bigger first-half loss of 2.08 billion shillings ($22.8 million) due to lower prices and reduced production during a prolonged shutdown.

Cash-strapped Mumias, whose sugar output accounts for close to a third of Kenya's annual sugar production, had posted a restated loss of 407.4 million shilling loss a year earlier.

 

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