SASINI TEA AND COFFEE LIMITED UNAUDITED RESULTS FOR THE NINE MONTH ENDED 30TH SEPTEMBER 2006.
Sasini Tea and Coffee Limited has posted a loss of Ksh. 386.5 Million in the period ended 30th September 2006 compared to a loss of Ksh. 3.5 Million for the period ended 30 June, 2006.This is attributed to severe draugt lasting from November, 2005 to February, 2006. However, their turnover improved by 15% over the same period.
RESULTS ANALYSIS
Turnover.
The company recorded a 15% increase in turnover compared to 30 JUNE, 2006. This is attributed to improved production in Tea segment. This is expected to continue as the weather is expected to be good.
Income statement.
During the period ended September30, Sasini Coffee and tea reported a net loss of Ksh. 386.5Million compared to Ksh.3.5Million reported in June, 30, 2006. This is attributed to fall in production due to severe drarught. These results are expected to improve due to buoyant coffee prices at the auction market.
Future Outlook of the Company
The company has taken new initiatives of rebranding its products for the regional market consumption. The company has also erercted a new coffee mill plant that is nearing completion. There has been a buoyant increase in the world coffee prices at the auctions market. This is due to reduced supply. These good prices combined with the re-branding strategy is expected to improve the performance of the company
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2 comments:
Where did you get this information?
I think Sasini's year end is Sep 30 2006 thus how can the results be for 9 months ending 30 Sep 2006?
Has Sasini changed its year end?
Cold Tusker, thanks for passing by. This is sourced from the company's unaudited report. Even though their year ended in September they are yet to to release their report. Why they they have not done it, is subject for discussion.
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