Kapchorua Tea Company Limited (Kenya) – Audited Results FYE 31 March 2022 & AGM Notice
Kapchorua Tea Company Limited (KAPC.ke) 2022 Abridged Report
COMMENTARY ON THE RESULTS
During the year Kapchorua steadily gained buyer support both in the auction and private selling to move above competitors in the same category. A combination of good, consistent quality and a concerted marketing push into our emerging destinations has so far proved successful.
DIVIDEND
The Directors resolved to recommend a first and final dividend of KShs 10 per share to be paid out of the retained earnings. The recommended final dividend, subject to approval, will accrue to the members on the register at the close of business on 29th July 2022. Thereafter, the register will remain closed from 1st August to 2nd August 2022, both days inclusive.
With global inflationary pressures impacting negatively on our costs and uncertain price realisations we can only hope that our efforts to increase demand for the teas will at least enable us to remain competitive.
NOTICE OF THE ANNUAL GENERAL MEETING
NOTICE IS HEREBY GIVEN that the 80th Annual General Meeting of the Shareholders will be held by electronic communication on Thursday 4th August 2022 at 10.00 a.m.