Mumias Sugar Records Losses
Published on: September 11, 2014 11:17 (EAT)
Kenya's largest sugar company, Mumias Sugar Company has posted a full year after-tax loss of 2 point 7 billion shillings for the financial year ended 30th June 2014. The loss, which is its second in a row, represents a 63 percent decline into loss making. But as Denis Otieno reports, the sugar company’s management is now banking on a drastic restructuring exercise – that includes reducing the size of its workforce, to get the company onto the path to profitability.
Want to send us a story? Submit on Wananchi Reporting on the Citizen Digital App or Send an email to wananchi@royalmedia.co.ke or Send an SMS to 25170 or WhatsApp on 0743570000
Comments
No comments yet.
Leave a Comment