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Unga Group FY 2019 profit down 30%
Ebenyo
#1 Posted : Saturday, September 28, 2019 9:26:36 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Unga group financial results for year ended 30th June 2019 are out.
https://kenyanwallstreet...ports-30-drop-in-profit/
Towards the goal of financial freedom
Ericsson
#2 Posted : Saturday, September 28, 2019 10:58:28 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Ebenyo wrote:
Unga group financial results for year ended 30th June 2019 are out.
https://kenyanwallstreet...orts-30-drop-in-profit/


Profit before tax declined by more than 50% from ksh.1.293bn to 615mn

https://www.nse.co.ke/li...suer-announcements.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#3 Posted : Saturday, September 28, 2019 10:28:11 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Ericsson wrote:
Ebenyo wrote:
Unga group financial results for year ended 30th June 2019 are out.
https://kenyanwallstreet...orts-30-drop-in-profit/


Profit before tax declined by more than 50% from ksh.1.293bn to 615mn

https://www.nse.co.ke/li...suer-announcements.html
Tough Economy. Tough year. At least it remained profitable and is paying a dividend albeit 50% vs 2018.

New wheat plant will contribute for the full FY 2019-2020.
New soya meal plant will contribute for the full FY 2019-2020.

2019-2020 is looking tough though for manufacturing firms.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
2012
#4 Posted : Monday, November 11, 2019 8:42:41 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
#WhiteAlert

Time to take the heat. Hope the kitchen won't be to hot for this counter.

BBI will solve it
:)
Ericsson
#5 Posted : Friday, February 28, 2020 3:55:49 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
Ebenyo wrote:
Unga group financial results for year ended 30th June 2019 are out.
https://kenyanwallstreet...orts-30-drop-in-profit/


Profit before tax declined by more than 50% from ksh.1.293bn to 615mn

https://www.nse.co.ke/li...suer-announcements.html
Tough Economy. Tough year. At least it remained profitable and is paying a dividend albeit 50% vs 2018.

New wheat plant will contribute for the full FY 2019-2020.
New soya meal plant will contribute for the full FY 2019-2020.

2019-2020 is looking tough though for manufacturing firms.

Profit warning pap.
https://www.nse.co.ke/li...months-ended-31-dec-2019
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#6 Posted : Friday, February 28, 2020 8:03:30 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
Ebenyo wrote:
Unga group financial results for year ended 30th June 2019 are out.
https://kenyanwallstreet...orts-30-drop-in-profit/


Profit before tax declined by more than 50% from ksh.1.293bn to 615mn

https://www.nse.co.ke/li...suer-announcements.html
Tough Economy. Tough year. At least it remained profitable and is paying a dividend albeit 50% vs 2018.

New wheat plant will contribute for the full FY 2019-2020.
New soya meal plant will contribute for the full FY 2019-2020.

2019-2020 is looking tough though for manufacturing firms.

Profit warning pap.
https://www.nse.co.ke/li...onths-ended-31-dec-2019
No surprise there. I had braced for it. The next 6 months will not be any easier.
Huge VAT refund outstanding. It was 400mn+ in June 2019 but I doubt there has been much change seeing how GoK has not been paying legitimate creditors.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
xtina
#7 Posted : Monday, March 09, 2020 12:34:03 PM
Rank: Member

Joined: 6/26/2008
Posts: 399
I am in several lifestyle groups in FB and in two recent polls carried out in these groups, Unga products came out tops and had a strong brand presence, with Famila uji and Exe products mentioned almost universally. Nothing scientific about that poll and totally anecdotal, but Unga has loyal users.
VituVingiSana
#8 Posted : Tuesday, March 10, 2020 9:31:34 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
xtina wrote:
I am in several lifestyle groups in FB and in two recent polls carried out in these groups, Unga products came out tops and had a strong brand presence, with Famila uji and Exe products mentioned almost universally. Nothing scientific about that poll and totally anecdotal, but Unga has loyal users.

Even before I bought my first share in Unga, its products were staples in the VVS household/family.

Elianto (sold to Bidco)
Buitoni (no idea what happened to the brand)
Elliot's (sold)
And of course the eponymous "Unga" products including EXE, Jogoo, etc

Of course, we had fewer choices at the time.

Bidco, Kapa, etc were not around. We had few imports (or local products) to compete vs Buitoni. The others eg Mombasa Millers, Kitui Millers, etc were probably small players.
Supaloaf, Akiyda, Broadway, etc were much smaller or not present.

I am not sure where Unga went wrong but it is not the giant it was.

From time to time I will buy "freshly milled" flour or take my own grains for milling but "Unga" remains the preferred brand when I buy pre-milled products.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#9 Posted : Friday, September 25, 2020 10:57:35 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
https://mobile.twitter.c...381890613313537/photo/1

FY ending June 2020 results
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#10 Posted : Friday, September 25, 2020 11:24:25 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Ericsson wrote:
https://mobile.twitter.com/tradingroomke/status/1309381890613313537/photo/1

FY ending June 2020 results
Awful. Blaming the usual suspect.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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