Agricultural companies have the worst corporate governance record among listed companies, a new report by the Capital Markets Authority (CMA) has said. The sector with six firms had the least weighted score with a rating of 55.04 percen, shining a spotlight on their compliance with the code of governance principles that sets principles such as […]
Kapchorua Tea Kenya, a listed firm engaged in the cultivation, manufacture and sale of tea, leapt from a loss-making territory to net earnings of KSh 25.7 Million at the close of its half-year ended 30th September 2021. This is compared to a net loss of KSh 12.7 Million over a similar period last year. The […]
Kapchorua Tea Kenya, a listed firm engaged in the cultivation, manufacture and sale of tea, leapt from a loss-making territory to net earnings of KSh 25.7 Million at the close of its half-year ended 30th September 2021. This is compared to a net loss of KSh 12.7 Million over a similar period last year. The […]
Nairobi Securities Exchange(NSE) listed Kapchorua Tea Kenya Plc as the week’s top gainer when trading ended on 16th July 2021. Kapchorua added 25.6% in investor wealth to close the week at KSh 98.00. The worst performer during the week was Crown Paints Kenya Plc, its shares at KSh 20.25 per share on Friday, a 23.00% […]
Nairobi Securities Exchange(NSE) recorded Kapchorua Tea Company as the top price gainer when trading ended this Wednesday. Kapchorua share price was up 10% to close at KSh 93.50 per share over the previous closing price of KSh 85.00 on Tuesday 13th, 2021. KAPC began 2021 with a share price of KSh 78.00 and has since […]
Nairobi Securities Exchange(NSE) recorded Kapchorua Tea Company as the top price gainer when trading ended this Wednesday. Kapchorua share price was up 10% to close at KSh 93.50 per share over the previous closing price of KSh 85.00 on Tuesday 13th, 2021. KAPC began 2021 with a share price of KSh 78.00 and has since […]
NSE chief executive Geoffrey Odundo monitors daily trading at the Bourse/ Kenya Tea Development Agency Holdings has received a green light for future listing at the Nairobi Securities Exchange, as the new shareholding structure takes shape. This follows the allotment of shares to individual farmers in one of the latest changes at the agency, granting […]
After a lengthy fight, a change of guard is now expected at the Kenya Tea Development Agency (KTDA) with the election of new board members concluded. The long-serving chairman, Peter Kanyago, has been replaced by David Mune Ichocho, while Dr Wesley Koech has taken over as vice chairman, replacing Philip Ngetich. The company secretary’s position […]
Kapchorua Tea, one of the major tea companies in Kenya has reported a 64% dip in full year net profit for the year that ended on 31st March 2021. According to its financial statements, the company’s net profit dropped to KSh7.07 million in March this year from KSh19.4 million in March 2020. An oversupply of […]
Tea pickers. FILE PHOTO | NMG Williamson Tea and Kapchorua Tea have warned of weaker earnings in the future after the two firms posted poor performance for the year ended March 2021 on the back of global oversupply. The listed tea firms— which cultivate, manufacture and sell tea — said in separate financial performance reports […]
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