Williamson Tea Kenya Audited Results FYE 31 March 2022 & Notice of AGM
Williamson Tea Kenya Limited (WTK.ke) 2022 Abridged Report
COMMENTARY ON THE RESULTS
Our long term plan of producing teas that are as consistent in quality as possible is providing further selling opportunities in the key markets of Egypt and Pakistan. With demand improving prices also improved and we were able to return to a profitable position.
DIVIDEND
The Directors resolved to recommend a first and final dividend of KShs 20 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 29 July 2022. Thereafter, the register will remain closed from 1st August to 2nd August 2022, both days inclusive.
PROSPECTS
The disruption to global supply chains and current inflationary pressures on all inputs means our costs will rise. The demand and price side is impossible to control but we are confident of remaining 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 11.15 a.m.