Tanganda sees profit drop of 73% in H1

TEA producer, Tanganda Tea Company Limited (Tanganda) experienced a near 73% drop in profit after tax to US$539 983 during its half-year financial performance ended March 31, 2025, owing to a 27% drop in revenue.

The drop in profit after tax was from a prior year comparative of US$1,97 million.

In a statement attached to its half-year financial results ended March 31, 2025, Tanganda chairman Herbert Nkala said the operating environment was characterised by policy-induced tight liquidity and resultant low aggregate demand.

This story is for NewsDay subscribers.