Mumias Sugar Company has announced a gross turnover reduction of 55 per cent during this financial year to Sh7.8 million down from Sh17.4 million achieved in 2014.
The company's chairman, Dan Ameyo, said the low results were as a result of poor sales volumes across various product lines resulting from low production.
“We have made losses yes, but we are in the road to recovery, the factory was collapsing and already we are steering it in the right direction,” he said.
Ameyo said the company is struggling to recover from the losses it has made in the recent years owing to poor management.
He said the current team at Mumias has dedicated their time to restructure the factory.
Speaking at Tom Mboya Labour College in Kisumu on Friday during the company's annual general meeting, Ameyo said they have lined up a raft of measures that will spur growth of the company.
He announced that next year, the company will embark on massive cane development to deal with disruptions caused by lack of cane supply.
Ameyo said the company will empower cane farmers to be able to produce high yielding cane for production.
“The farmers will only be required to do crop husbandry and picking the cheque from Mumias, everything else will be done by the company,” he said.