Sameer profit up five times to Sh217m



Business Daily | by Brian Ngugi


Sameer Africa’s net profit jumped five times to Sh217.3 million in the year to December helped by cost controls.

The company had posted a net profit of Sh43.3 million in 2020.

Sameer said lower costs boosted margins significantly even as sales fell 13.98 percent or by Sh105.8 million to Sh651.6 million in the period…

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