Agricultural firm Sasini bounced back to profitability in the year ended September 2013 , helped by improved valuations of its coffee and tea bushes. The firm made a net profit of Sh91.6 million in the period, reversing a net loss of Sh124.1 million a year earlier . This came as its coffee and tea plantations (biological assets) were valued at a loss of Sh31.5 million from a loss of Sh420.9 million in the same period. The reduced paper losses helped Sasini to post the profit even as sales remained flat at Sh2.8 billion and costs increased 6.9 per cent to Sh2 billion. The firm said it would pay a dividend of Sh0.25 per share for the year ended September 2013 , which is down from the Sh0.75 it paid in the previous year when it was in losses. Its share price has gained 35.3 per cent over the past six months to trade at Sh19.7.
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