Gross revenue declined by 5.4% year on year (y/y) to stand at Sh6.9 Billion Vs Sh7.3 Billion last time out. Sugar cane processed at the companies factory dropped to a 5 Year low. sugar production declined by 43% y/y to stand at 64K tonnes Vs 113K in the past financial year. Revenues were mainly cushioned by high local and global sugar prices.

My analysis on this link http://contrarianinvesti...up-45-my-analysis

ahhh. this market is so dead i wonder if it will react to this report !

AGREED!

I dnt know about you but when i was reading the report the word -decline - seem to appear quite often.

Kideh is running from a burning house!!!!

i'm not so excited about these results. What if they are unable to increase their sugar output and sugar prices continue falling? That said its trading at attractive metrics, but they need to get their act together Q2 going forward.

please do tell us, i also thought it was MSC's project.

Up to this point I took @Njunge's opinion on MSC seriously but his opinions above have made me to think otherwise...MSC can not produce 164K tonnes of sugar if there is no cane to be processed...it's as simple as that...and if there is no sugar in the market to meet the demand which is there, prices will go up simple supply/demand dynamics...I expect MSC to do well going forward on improving margins, cane supply and good local & global sugar prices.

@Cde,
TARDA as the name says,is an authority,which has invited investors from the sugar sector.Mumias and MAT are just but examples.Any venture between Tarda and MAT/Mumias or any other investor can only be joint.....Of course there is the wrong notion that the fields under cane are owned by MSC.Nope!Tarda was growing cane on trial basis long before this investors appeared on the horizon.The anticipated nucleus for the intended plant is far from being.

@the deal,
My opinions don't count really,so you should not take them seriously but with due respect,what you state is textbook theory while the dynamics out there are quite opposite.It's a loooong story for another day.Meanwhile and with respect,i beg to differ with you on way forward.Cane fires have already played havoc so far with no end anywhere near and as soon as this is over,expect the rains to take over.Local sugar prices are coming down (Nzoia,Westcol,Sony and Chemelil have already dropped prices and this has forced MSC to drop their prices too).Even then, much of their sugar is still stuck in godowns)......I will stop there for now.

Possible and it's agonising when you imagine it's work of arsonists .Burnt cane world over is disaster for milling machines and also makes processing quite difficulty.As such,i won't be surprised if production for Jan and Feb are way off targets.