[2008-06-19]  Williamson Tea of Kenya Post Full-Year Loss as Output Declines
Williamson Tea Kenya Ltd., a producer and exporter of the leaf, reported a full-year loss after a drought curbed production and global tea prices declined. The company had a net loss of 97.5 million shillings ($1.52 million) in the 12 months through Dec. 31, compared with a profit of 142.8 million shillings a year earlier, according to a statement published today by the Nairobi-based company in the Daily Nation newspaper. Tea production dropped to 8.4 million kilograms (14.1 million pounds) in the period, compared with 10 million kilograms a year earlier, it said.
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