Is it going back to the ditch?..whats this p.a.t?is this ka-thing not tax exempt due to its weak muscles?

The share seems to be responding

Uchumi Supermarket reports FY11 EPS down 69.4%y/y to KES 1.47. Uchumi, recently relisted supermarket chain, has posted an 18.8% growth in before tax profits backed by a 12.8% increase in total net sales to KES 10.8bn and a 96.5% drop in finance costs to KES 3.6m after the company settled term loans principal of KES 126m during the year. Whereas the company posted top line growth, tax credit in the previous years and the issue of 85m additional shares for balance sheet restructuring led to a decline in EPS. As a result, net profits after tax declined 54.9% to KES 390m while EPS dropped 69.4%y/y to KES 1.47. The performance came ahead of our expectations and the company now trades at a PE of x5.37 at KES 7.90. No dividend was declared. The company’s share price has declined 13.2% over the past month and 45.5% since relisting on 31 May 2011.

i hope you know how to cut your excitment short, dnt you , lol

Reserves now sit at Kshs. 952 Million up 49%. At 30th June 2009, reserves were at negative Kshs. 1.1 Billion, this showing how far the company has come in the past 2 years

Term loans decreased to Kshs. 183 Million from Kshs. 320 Million.

For the complete review, check out my blog.

LINK: UCHUMI FULL YEAR 2010/2011 REVIEW