Par Value: 2/-
Closing Price: 4.90
Total Shares Issued: 1,530,000,000
Market Capitalization: 7,497,000,000
EPS: 1.26
PE: 3.889
Par Value: 2/-
Closing Price: 5.95
Total Shares Issued: 1.53b shares
EPS: 1.26
PE: 4.722
Analysis FY Results to June 2011
Gross Revenue 18.812871b versus 18.797765b
PBT 2.646575b versus 2.179874b +21%
Profit for the Year 1.933225b versus 1.572383b
EPS 1.26 versus 1.03 +22.00%
Dividend 0.50 +25% versus Previous Year
Dividend Yield 8.4033%
Commentary
H1 2011 Results Swot Analysis
Profit Before Tax 1.25901b versus 1.185196b [versus 1.526170b]
PAT 881.307m versus 816.323m [versus 1.036170b] +7.96%
No Interim Dividend
Sugar Production 64,435 Tonnes versus 113,521 Tonnes [versus 123,183 Tonnes]
EPS 0.57 versus 0.54
Marketing and Distribution 224.107m versus 463.721m [
Analysis FY Results to June 2011
Gross Revenue 18.812871b versus 18.797765b
PBT 2.646575b versus 2.179874b +21%
Profit for the Year 1.933225b versus 1.572383b
EPS 1.26 versus 1.03 +22.00%
Dividend 0.50 +25% versus Previous Year
Dividend Yield 8.4033%
Commentary
Company processed 2.245281m Tonnes -3.00% versus the Previous Financial Year
Cogeneration Power Sales were worth 0.353b
Construction of Ethanol Distillery in Progress
Swot Analysis
FY pretax 2.18 billion shillings, up 83 percent
EPS down 2 pct at 1.03 shillings Gross turnover up 32 pct to 18.79 bln
shillings High sugar prices due to a global shortage boosted annual
pretax profit at Kenya's Mumias to 2.18 billion shillings ($27
million), an 83 percent jump from the previous year.
"The global supply of sugar has been low resulting in above-average selling prices during the year in the local market," Kenya's largest sugar producer said.
Earnings per share fell 2 percent to 1.03 shillings despite a rise in turnover to 18.79 billion shillings from 14.19 billion, also boosted by 359 million shillings from selling electricity from a co-generation plant.
The company processed 7.3 percent more cane in the year ending June 2010 and produced 235,792 tonnes of sugar, 2 percent higher than the previous period.
The firm said it had secured debt to finance an ethanol plant in western Kenya, which should be commissioned at the end of 2011.
Conclusions
There was a Big Tax break in the previous Full Year which flattered 2009 Earnings and hence comparing 2010 versus 2009 has to take that into account but the Price looks a Square one versus The New Income Streams which are now beginning to impact the Bottom Line.
Swot Analysis 6 Month to December 2010 versus 6 months to Dec 2009
Gross Revenue 8.810091b versus 8.960824b
PBT 1.185196b versus 1.526170b
PAT 816.323m versus 1.036170b -21.21%
EPS 0.54 versus 0.68
Take a Look at the Price of Sugar March 2011 1 Year Chart
http://bit.ly/d0M5gN
The Board of Directors is cautiously optimistic about the 2nd Half and they expect the Full Year to be better than than the Previous Full Year. |
