Limuru Tea issues profit warning Thursday February 18 2021 By BRIAN AMBANI Agricultural firm Limuru Tea #ticker:LIMT expects its net profit for 2020 to decline by at least 25 per cent, citing challenges heightened by the pandemic. In a notice to shareholders on Thursday, the Nairobi Securities Exchange-listed firm said business was weighed down by low tea prices and rising cost of production amid Covid-19 economic disruptions. Limuru Tea posted a Sh1.9 million after-tax profit in 2019, a drop from Sh2.5 million it made in 2018 after bouncing back from a loss-making streak. “The company’s performance is expected to record a decline in the net profits attributable to the shareholders of the company for the financial year ended December 31, 2020 as compared with the audited financial results for the year ended December 31, 2019.