Uchumi Supermarket Half-Year Loss

The unaudited results to December 31, 2017 show half year sales and other income at Sh527 million compared to Sh1.85 billion in 2016. Uchumi said its management will continue working with the Board to implement re-structure strategy aimed at returning the organization to a positive and sustainable EBITDA position. “This has already begun to positively impact the business with significant reduction in operating costs as we rationalize the branch network and seek to relocate and open more stores which are financially viable,” reads a statement signed by Mohamed Mohamed, Acting Chief Executive Officer Uchumi.
Read more at: https://www.standardmedia.co.ke/business/article/2001270736/uchumi-posts-sh895-million-loss

By | 2018-02-22T19:42:26+00:00 February 22nd, 2018|Uncategorized|0 Comments