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Kenya's Unga FY pretax falls on high grain costs, lower margins

September 28, 2012 Comments Off on Kenya's Unga FY pretax falls on high grain costs, lower margins

September 28, 2012, 10:00 am

NAIROBI (Reuters) – Kenyan flour miller Unga Group Ltd on Friday posted an 18.7 percent drop in full-year pretax profit to 512.56 million shillings, mainly due to the high cost of grain, and warned margins would continue to be squeezed.
The miller said margins in…

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