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Kapchorua FY15
Pesa Nane
#1 Posted : Monday, June 13, 2016 12:13:50 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
Pesa Nane
#2 Posted : Monday, June 13, 2016 12:16:59 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Quote:
Commentary on the Results:
Cropping patterns and therefore prices were erratic through the year. Low supply initially forced prices up before giving way to extremely favourable conditions, supply surged and prices crashed. Whilst the Company honoured long term contract commitments to partially miss out on the initial strength of the market, an increase in crop of 11%, higher turnover on higher prices and weak shilling have all contributed to the increase in profitability. Higher inventory levels (unsold tea) also reduced the cost of sales and as a result the Company has reported an operational profit of KShs 136 million against KShs 48 million in the previous year.
Pesa Nane plans to be shilingi when he grows up.
Pesa Nane
#3 Posted : Monday, June 13, 2016 12:19:24 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Quote:
Dividend
The Board recommends a final dividend payment of KShs 6 per share from the profits realized during the year.
The recommended Final Dividend subject to approval in the upcoming Annual General Meeting will accrue to Members on the register at the close of business on 30th June 2016 and therefore the register will remain closed from 1st July to 6th July 2016, both days inclusive.
Pesa Nane plans to be shilingi when he grows up.
Pesa Nane
#4 Posted : Monday, June 13, 2016 12:23:42 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Quote:
NOTICE OF MEETING

NOTICE IS HEREBY GIVEN that the SIXTY SEVENTH ANNUAL GENERAL MEETING of the Shareholders will be held at the Nairobi Club, Ngong Road, on Wednesday 13 July 2016 at 10.00 a.m
for the following purpose:

Ordinary Business:
1. To receive and adopt the report of the Directors together with the audited financial
statements for the year ended 31 March 2016.
2. To declare a dividend.
3. To elect Directors:
i) In accordance with Article 95 of the Company’s Articles of Association, Mr.Ezekiel N K Wanjama, retires by rotation and offers himself for re-election.

ii) In accordance with Article 95 of the Company’s Articles of Association, Mr.Philip Magor, retires by rotation and offers himself for re-election.

4.To approve the remuneration of the Directors.
5. To authorize the Directors to reappoint / appoint Auditors and agree their 
remuneration.
6. To transact such other business as may be brought before the meeting.
Pesa Nane plans to be shilingi when he grows up.
Othelo
#5 Posted : Monday, June 13, 2016 12:26:33 PM
Rank: User


Joined: 1/20/2014
Posts: 3,528
@pesa8 welcome back Applause
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
VituVingiSana
#6 Posted : Tuesday, June 14, 2016 10:06:56 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,224
Location: Nairobi
Cash earning up. Tuko pamoja. Bring on that sweet dividend.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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