ALTERNATIVE INVESTMENTS
Limuru Tea:HY2009 Profit down 90%
Limuru Tea company reported that the company’s profit attributable to shareholders in HY2009 was 0.5 million compared to 5 million in the first half of 2008. Earnings per share decreased from Ksh. 8.87 to Kshs. 0.84 during the same period.
The company’s tea production in the first six months of 2009 was 255 tonnes, which is [...]
Kenya Orchards reports a net loss of KES7.8 million in FY08
Kenya Orchards posted a net loss of KES 7.8 million, in FY2008, attributed to an operating loss of KES10 million. In the same period last year, Kenya Orchards reported a profit of KES 950, 917. FY2008 Turnover fell by 28% to KES 17 million from KES 23 million reported in FY2007. Gross Profit increased by [...]
Eaagads Returns to profitability, inventories up 173% FY08
Eaagads Limited, a Kenyan based NSE listed company that runs a coffee estate announced their annual financial results for the twelve months ended December 31, 2008. Eaagads reported a profit after taxation of KES 29 million in 2008. In 2007, Eaagads reported loss after taxation of KES 1.5 million. Total turnover increased by 40%, from [...]
City Trust Dishes Out another Bonus as Net profit Drops 4.7%
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Little known City Trust Ltd. has once again announced a one to ten (1:10) bonus issue for its shareholders despite its profitability dropping marginally by 4.71%. The Company, which has investment interests in various Kenyan based companies, last year also gave out a one to four (1:4) bonus [...]
Kenya Orchards Reports Turnover Drops in 2008 Half Year Results
2008 Half Year Financial Statements
Kenya Orchards posted a net profit of KES 1.3 million, for the first six months of 2008. In the same period last year, Kenya Orchards reported a loss of KES 623, 304. Turnover fell 56% to KES 24.4 million from KES 55.5 million, while Gross Profit fell 79%. Administrative expenses increased [...]
Eaagads Loss making trend continues in 2008
2008 Half Year Financial Results
Eaagads Limited, a Kenyan based NSE listed company that runs a coffee estate announced their interim financial results for the six months ended June 30th, 2008. Eaagads reported a loss after taxation of KES 13 million in the first half of 2008. In the first half of 2007, Eaagads reported loss [...]
Kapchorua Tea reports loss in Annual results
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Kapchorua Tea Company Ltd (NSE Listed) Producer and marketer of tea products has reported their 2007 financial results. According to a company statement posted on the Nairobi Stock exchange website Kapchorua had a net loss of KES 69 million in their fiscal year ending [...]
Williamson Tea Reports Huge Loss in Annual Results
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Williamson Tea Kenya Limited reported 168 per cent drop in profit after tax (Loss of KES 97 million) for the twelve-month period ended March 31 2008.Turnover was KES 1 billion, down 9.22 per cent from KES 1.2 million in the same period in 2007. [...]
Crown Berger FY07 Net Profit up 3.89 Percent
Crown Berger Kenya Limited, a Nairobi based manufacturer and distributor of paint products recently announced their 2007 Full Year financial results.
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According to Crown Berger’s financial report posted on the NSE website, Crown Berger’s net profit for year was KES 74 million or 3.89% more than [...]
Limuru Tea Reports Poor 2007 Earnings, Improved Cash Flow
Limuru Tea recently reported its financial results for the twelve-month period ended December 31st, 2007. Limuru Tea’s FY2007 net profit dropped by 71% to KES 1.4 million compared to their 2006 net profit of KES 4.8 million. The company’s Free Cash flow position improved by 117% in the same period. Net profit attributable to equity [...]
