Dec. 13 (Bloomberg) -- Sasini Ltd., a Kenyan tea and coffee producer, declined for a second day after reporting net income for the year to September tumbled 60 percent.
The stock fell 2 percent to close at 12.55 shillings in Nairobi today, adding to a 0.8 percent retreat on Dec. 9. Kenya’s markets were closed yesterday for a public holiday.
Net income slumped to 391.2 million shillings ($4.2 million) from 980.9 million shillings a year earlier, the Nairobi-based tea and coffee producer said in an e-mailed statement today. Revenue increased to 2.67 billion shillings from 2.3 billion shillings.
To contact the reporter on this story: Johnstone Ole Turana in Nairobi at firstname.lastname@example.org
To contact the editor responsible for this story: Antony Sguazzin at email@example.com