UAP Holdings (UAPH) has reported a first half net loss of Kes 305 million having plunged from a profit of Kes 383 million during a similar period last year which is attributed to poor performance at the Nairobi Securities Exchange (NSE).
The firm has said investment income was down 34% driven by fair value losses of Kes 771 million shillings on equity investments during the period compared to fair value gains of 407 million shillings during a corresponding period in 2019.
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