Kapchorua Tea Kenya Posts KSh19.4 Million Profit, Declares Ksh 10.00 Dividend

Kapchorua Tea Kenya Posts KSh19.4 Million Profit

Kapchorua Tea Kenya PHOTO I Williamson Tea

Agricultural company Kapchorua Tea (KAPC.ke) reported a profit of KSh19.4 million for the financial year ended 31st March 2020.

This is compared to a loss of KSh125.7 million during the previous financial year.

Kapchorua Tea declared a final Dividend Per Share (DPS) of Ksh 10.00 (11.3% dividend yield), with book closure slated for 30 July 2020.

It grows tea in Kenya and manufactures and sells tea products under the brand name Williamson Tea.

Kapchorua and Williamson Tea are scheduled to hold a joint AGM on 20th August 2020.

The company also has interests in forestry. Formerly known as Kapchorua Tea Company Limited, the company changed its name to Kapchorua Tea Kenya Plc in 2017.

Its head office and operations are in Nandi Hills, Kenya.