COMMENTARY ON THE RESULTS

Prices have been generally weak through the year but as very high crops were followed by low crops, prices increased in the final quarter of the year.

Cost increased through the year further adding to poor results.

PROSPECTS

With crops currently low and therefore less tea available to buyers throughout Kenya, we expect to see good prices for a period of time in the new financial year.

As a group, we will look at different options to market and sell our teas, and we will continue to invest and diversify. There remains uncertainty over trade union disputes currently being presided over in the courts. It is hoped that the company will be able to implement efficiencies in operations, which will greatly assist competitiveness in the next few years.