Williamson Tea Kenya Audited Results FYE 31 March 2022 & Notice of AGM

By Published On: July 4th, 2022Categories: AGM, Corporate announcement, Earnings
Williamson Tea Kenya Limited 2022 Abridged Results

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.


 

 

Williamson Tea Kenya Limited (WTK.ke)

Share price: 150.00 Shillings (-3.25 | -2.12% – 15/08/22)

Sign up for Email Alerts

Recent Documents & News