Mumias Sugar Company Limited Announces Production and Earnings Results for the Fiscal Year 2013
The loss is a 183% dip from the KES 2 billion profit it realised in the previous fiscal year. Loss per share was KES 1.09 compared to earnings per share of KES 1.31 in the previous fiscal.
For the year, sugar produced was 15% lower at 147,320 tonnes. The company sold 140,778 tonnes of sugar, 18% lower than the 172,159 tonnes sold in the previous year.