Agriculture Stocks Detail
Agriculture stocks were the best performers at the Nairobi Stock Exchange (NSE) last week, driven mainly by reports of high profit growths.
Coffee grower Eaagads, Williamson Tea and Kakuzi share prices were the highest climbers of the week, all registering share price appreciations of 5.49 per cent, 5.45 per cent and 5.36 per cent respectively.
Analysts said good weather has favoured performance of the agricultural firms, while a favourable exchange rate and high global commodity prices have also worked in favour of farm producers.
Williamson Tea and Kapchorua last week announced a doubling of their net earnings, which were mainly boosted by gains on revaluation of their assets.
“They’re gaining in real terms from high prices on soft commodities coupled with revaluation surplus on biological assets,” said Alex Muiruri, a research analyst at Dyer and Blair Investment Bank.
Williamson Tea announced an increase in its profits for the six months ended September 2010 to Sh442 million from Sh211 million reported over a similar period last year.
Agriculture stocks were the best performers at the Nairobi Stock Exchange (NSE) last week, driven mainly by reports of high profit growths.
Coffee grower Eaagads, Williamson Tea and Kakuzi share prices were the highest climbers of the week, all registering share price appreciations of 5.49 per cent, 5.45 per cent and 5.36 per cent respectively.
Analysts said good weather has favoured performance of the agricultural firms, while a favourable exchange rate and high global commodity prices have also worked in favour of farm producers.
Williamson Tea and Kapchorua last week announced a doubling of their net earnings, which were mainly boosted by gains on revaluation of their assets.
“They’re gaining in real terms from high prices on soft commodities coupled with revaluation surplus on biological assets,” said Alex Muiruri, a research analyst at Dyer and Blair Investment Bank.
Williamson Tea announced an increase in its profits for the six months ended September 2010 to Sh442 million from Sh211 million reported over a similar period last year.
Agriculture Stocks
Agriculture Stocks
Agriculture Stocks
Agriculture Stocks
Agriculture Stocks
Agriculture Stocks
Agriculture Stocks
Agriculture Stocks
Agriculture Stocks
Agriculture Stocks
Agriculture Stocks
Agriculture Stocks
Agriculture Stocks
Agriculture Stocks
Agriculture Stocks
Agriculture Stocks
Agriculture Stocks
Agriculture Stocks
Agriculture Stocks
Agriculture Stocks
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