OVERVIEW: The above is an extract from the financial statements which have been prepared in accordance with the International Financial Reporting Standards (IFRS) and audited by PricewaterhouseCoopers, Certified Public Accountants of Kenya, and on which an unqualified opinion has been issued. The profit for the year was similar to that of the previous year. Avocados, with increased volumes, were the significant contributor to profit mitigating the downward trend on returns occasioned by the very poor market prices of Tea in 2014. DIVIDEND: The Directors recommend the payment of a first and final dividend for the financial year 2014 of 75% equivalent to Shs 3.75 per stock unit (2013: Shs 3.75) subject to shareholders approval. The dividend shall be paid on or about 30 June 2015 to the shareholders on the members' register at the close of business on Friday, 29 May 2015. ANNUAL GENERAL MEETING: The Annual General Meeting of the Company will be held on Tuesday, 26 May 2015 at 12.00 Noon at Nairobi Serena Hotel. BY ORDER OF THE BOARD K W Tarplee Chairman 24 March 2015 |
