From 49.3 billion to 49.2 billion. That is a rounding error. 100 million is a large sum but a drop in the ocean in this context. So earnings were flat basically.

A week shilling is good for exporters since they are paid in dollars.

Extremely tough times

Is there a material announcement? WTK touched high of KES 141 today, up from previous closing price of KES 128.25. Current offer price is @KES 220.

Results anyone?

very generous company
books closure for div 18th august

Results
https://www.nse.co.ke/issuer-announcements.html

WTK's farms will not be affected. Perhaps it may have to pay more to buy tea leaf from outgrowers.

https://kenyanwallstreet...sh-130-billion-in-2020/


this will indicate that williamson will atleast pay kshs 20 dividend.

Fresh row over tea plucking machines as job losses mount

https://www.businessdail...ob-losses-mount-3342484
...sacking of thousands over the Covid-19 pandemic that was followed by their replacement with plucking machines. That's logical. With low tea prices, lots of competition and demands for higher wages mechanization is the way to go.

tea combine harvesters managed by four workers displace 45 workers.

“Plucking machines have been introduced in most tea producing countries and Kenya is not an exception especially in this era of mechanised agriculture,” said a senior manager

“The machines consume less fuel and are managed by one person who can do work for more than 20 tea pickers, cutting down on the cost of production by a greater margin,” argued a director at one of the tea companies.