AGRICULTURAL
Rea Vipingo FY09 Results Misses Its Projection
In November 2009 Rea Vipingo projected a growth of 12.5% in their full year earnings on account of strong marketing arrangements, favorable weather conditions, a stronger shilling exchange rate and an upturn in the global economy. However the company’s 2009 full year results indicated an 11% decline in profit after tax of Ksh.148 million from [...]
Sasini: HY2009 Net Profit up 77%
Sasini Limited an NSE listed company & one of the leading tea and coffee producers in Kenya announced their HY2009 financial results. In the HY2009, Sasini reported a net profit of KES155 million compared to KES87 million in HY2008. Turnover increased by 56% from KES 650 million in HY2008 to KES1 billion in HY2009. Compared [...]
Rea Vipingo Posts 45% Profit Gain on Acquisition
Rea Vipingo reported their 2008 Full Year financial results, reflecting a 45.84% rise in 2008 profit after taxation to KES168 million compared to profit after taxation in 2007 of KES115 million. In 2008, group turnover rose by 10.01% (FY2007-KES1.23 billion; FY2008-KES1.35 billion). Profit before taxation increased by 35.42% (FY2007-KES167 million; FY2008-KES227 million). Net finance costs [...]
Unilever Tea: Almost Stepping Out of the NSE
After 36 years on the Nairobi Stock Exchange (NSE), Unilever Tea Kenya Ltd. could be headed out of the bourse on conclusion of a buyout bid of the 11.76% minority equity stake by its main shareholder Brooke Bond Group (which owns 88.24% equity stake). The Capital Market Authority (CMA) has already approved Brooke Bonds bid [...]
Kakuzi’s 2008 H1 Profits Drop Further
Kakuzi Interim Financials
Kakuzi Ltd, a company that derives its income from tea processing, cattle rearing, forestry and other horticultural operations, 2008 half-year pretax profit declined by 39.1% to Ksh.32.9 million compared with Ksh.23.3 million in the same period last year. The group’s sales for the six months ended June 2008 dropped by 37.5% from Ksh.736 [...]
Unilever Tea: 2008 Half Year Financial Results
Unilever Tea: 2008 Half Year Financial Statement (Balance Sheet/Income Statement)
Unilever Tea recently reported its financial results for the six-month period ended June 30th, 2008. Unilever Tea reported an 18% drop in Turnover and an operating loss of KES35 million compared to a profit of KES12 million in the first six-months of 2007. Profit after tax [...]
Sasini reports loss in 2008 Half Year Results
Sasini Limited reported a loss in the financial operations for the six-month period ended March 31 2007. Turnover was KES 650 million, down 7.11 per cent from KES 700 million in the same period in 2007. Profit before tax for the six-month period was KES131 million, compared to profit before tax of KES171 million for [...]
Kakuzi FY07 pretax profit rises 42%
Kakuzi Ltd, a company that derives its income from tea processing, cattle rearing, forestry and other horticultural operations, full-year pretax profit rose by 42.5% to Ksh.270.33 million compared with Ksh.189.75 million last year, mostly due to higher sales in 2007. The group’s sales for the year to end-December 2007 came in at Ksh.1.51 billion up [...]
Sasini reports huge 2007 loss
Sasini Limited reported a loss in the financial operations for the twelve-month period ended September 30 2007. Turnover was KES 1.3 billion, up 4.44 per cent from KES 1.26 million in the same period in 2006. Loss before tax for the twelve-month period was KES70 million, compared to profit before tax of [...]
Rea Vipingo 2007 net profit hits KES115 million
Rea Vipingo reported their 2007 Full Year financial results, reflecting a 2.42% rise in 2007 profit after taxation to KES115 million compared to profit after taxation in 2006 of KES112 million. In 2007, group turnover rose by 4.38% (FY2006-KES1.1 billion; FY2007-KES1.2 billion). Profit before taxation increased by 6.63% (FY2006-KES157 million; FY2007-KES167 [...]
