•Tuesday, December 19, 2006
i thought the perceived coffee boom will be reflected in the large scale coffee producers' annual reports. sasini tea and coffee company is one such company which released its annual report recently. sasini is currently trading at shs 160 with a 12 months high of shs 190 and a 12 month low of shs 24. despite turning a profit of 82m this year against a loss of 38m in 2005 - without considering the gains and losses arising from changes in fair value of biological assets - its coffee sector performed dismally.
an extract of sasini tea and coffee year end results for 2006 reads:
the results of the company for financial year ended 30 September 2006 show a profit after tax from operations of kshs 82 million. the company staged a recovery from the severe drought, which lasted from november 2006 to the end of february 2006, and had a serious impact on the results of the company for the six months ended 31 march 2006. turnover and profitability improved in the second half of the financial year with high production in the tea segment combined with buoyant prices at the tea auctions. the tea segment thus ended the year with a healthy profit.
the effect of the drought on the coffee segment was however severe, resulting in lower production. though price realisation was satisfactory, the coffee segment ended the year with losses. however, the coffee bushes are now carrying a heavy and healthy crop, which bodes well for the coming financial year.
the dairy and horticulture sectors remained profitable during the year and the revenue from forestry operations was also satisfactory.
the new initiatives taken by sasini are now coming to fruition. the constructing of the coffee mill is complete and will be operational in the new financial year 2006-07. the value addition initiative in the area of tea and coffee is proceeding satisfactorily and the whole range of branded sasini tea and coffee for the retail sector was launched early july 2006. the initial response from the market has been positive.
dividend for the entire year: kshs 1
bonus: 1 bonus share for every 5 held as at 14th Feb 2007
share split: ratio of 5 to 1 as at 14th feb 2007
an extract of sasini tea and coffee year end results for 2006 reads:
the results of the company for financial year ended 30 September 2006 show a profit after tax from operations of kshs 82 million. the company staged a recovery from the severe drought, which lasted from november 2006 to the end of february 2006, and had a serious impact on the results of the company for the six months ended 31 march 2006. turnover and profitability improved in the second half of the financial year with high production in the tea segment combined with buoyant prices at the tea auctions. the tea segment thus ended the year with a healthy profit.
the effect of the drought on the coffee segment was however severe, resulting in lower production. though price realisation was satisfactory, the coffee segment ended the year with losses. however, the coffee bushes are now carrying a heavy and healthy crop, which bodes well for the coming financial year.
the dairy and horticulture sectors remained profitable during the year and the revenue from forestry operations was also satisfactory.
the new initiatives taken by sasini are now coming to fruition. the constructing of the coffee mill is complete and will be operational in the new financial year 2006-07. the value addition initiative in the area of tea and coffee is proceeding satisfactorily and the whole range of branded sasini tea and coffee for the retail sector was launched early july 2006. the initial response from the market has been positive.
dividend for the entire year: kshs 1
bonus: 1 bonus share for every 5 held as at 14th Feb 2007
share split: ratio of 5 to 1 as at 14th feb 2007
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1 comments:
Nice topic.I am amazing!what is the coffee boom?.