Limuru Tea
Turnover up by KShs. 32.8M, from KSh.91.1M in 2009 to KShs. 123.9M in 2010 on the back of a higher crop output, a higher US$ tea price and a weaker Kenya Shilling.

Costs per unit of production increased by 2% due to increased wages as well as higher energy and fertilizer costs.

Profit before tax up by 169% to KShs.104M compared to the same period last year. Part of the profit arose from a net gain in fair value of biological assets amounting to KShs.49.8 M, which is non cash contribution to the profit.

Profit after-tax up to KShs. 74.8M from KShs.27M in 2009, 178% rise.

Earnings per share hit Kshs. 62.4 up from KShs.22.5 recorded in 2009.

The directors recommend the payment of a final dividend of KShs.7.50 per share, subject to the approval by the Shareholders at the Annual

General Meeting scheduled for 13 may 2011.The dividends will be payable to the members on the register on 21 of April 2011.

Shareholder funds grew by 113% to KSh.119M.