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Mumias Half Year Net Profits Up 4.5%
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the deal
#1 Posted : Friday, February 03, 2012 7:15:46 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Gross revenue declined by 5.4% year on year (y/y) to stand at Sh6.9 Billion Vs Sh7.3 Billion last time out. Sugar cane processed at the companies factory dropped to a 5 Year low. sugar production declined by 43% y/y to stand at 64K tonnes Vs 113K in the past financial year. Revenues were mainly cushioned by high local and global sugar prices.

My analysis on this link http://contrarianinvesti...up-45-my-analysisApplause Applause
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Hunderwear
#2 Posted : Friday, February 03, 2012 8:06:52 PM
Rank: Member

Joined: 4/14/2011
Posts: 639
A rise in PAT in such an environment is commendable.I can now understand the volume on the counter the whole of this week.Now are the news likely to affect the market?
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QW25091985
#3 Posted : Friday, February 03, 2012 8:14:16 PM
Rank: User

Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
ahhh. this market is so dead i wonder if it will react to this report !
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guru267
#4 Posted : Friday, February 03, 2012 8:43:55 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Hunderwear wrote:
Now are the news likely to affect the market?


Im really dying to get into this one so im hoping for a negative reaction¡
Mark 12:29
Deuteronomy 4:16
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Cde Monomotapa
#5 Posted : Friday, February 03, 2012 8:45:30 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Hunderwear wrote:
A rise in PAT in such an environment is commendable.

AGREED!
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Njung'e
#6 Posted : Saturday, February 04, 2012 3:07:50 PM
Rank: Elder

Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
Terrible news.It's unbelievable for a plant with sugar production capacity of 160K tonnes to do 64K tonnes.Of course this is not a five year low.If the second half is replicated,and with sugar prices coming down,this thing is headed paka/sufcom way.
Nothing great was ever achieved without enthusiasm.
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QW25091985
#7 Posted : Saturday, February 04, 2012 4:42:35 PM
Rank: User

Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
I dnt know about you but when i was reading the report the word -decline - seem to appear quite often.
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'user'
#8 Posted : Saturday, February 04, 2012 8:36:39 PM
Rank: Veteran

Joined: 12/3/2010
Posts: 1,141
Location: Londokwe
Njung'e wrote:
Terrible news.It's unbelievable for a plant with sugar production capacity of 160K tonnes to do 64K tonnes.Of course this is not a five year low.If the second half is replicated,and with sugar prices coming down,this thing is headed paka/sufcom way.

thanks for the hint
evans oops guka
2012 is here.Kenya is Ours.Be Part of The Peace Keeping Mission To Protect Our Motherland.Say No To Violence and Tribal Hatred .If you can read this,wewe ni mtu amesoma, usifikirie kama mtu hajaenda shule .Ni Hayo Tu
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Impunity
#9 Posted : Saturday, February 04, 2012 9:14:13 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
Njung'e wrote:
Terrible news.It's unbelievable for a plant with sugar production capacity of 160K tonnes to do 64K tonnes.Of course this is not a five year low.If the second half is replicated,and with sugar prices coming down,this thing is headed paka/sufcom way.

Kideh is running from a burning house!!!!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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mlennyma
#10 Posted : Saturday, February 04, 2012 9:49:34 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
If there were no negative minds,there could be no debate,i dont think mumias did bad considering the times,may be more cane will mature during q2 but mumias has started large scale cane farms at the coast.
"Don't let the fear of losing be greater than the excitement of winning."
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