Home Business Williamson Tea posts Sh34m profit

Williamson Tea posts Sh34m profit

[Image source: Reuters]
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The Standard | by Frankline Sunday


Listed company Williamson Tea has posted Sh33.9 million in profit after tax for the six months ending September 30, 2020.

The firm attributed the earnings to favourable weather conditions which boosted yields.

According to the latest financial earnings report, the company recorded Sh1.9 billion in revenues in the period under review, up from Sh1.3 billion – with operating losses standing at Sh17.6 billion.

“Turnover increased for the six months compared to last year on the back of favourable weather conditions and…

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[Image source: Reuters]

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