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Announcements...9-Dec-09: Final Dividend: 0.20/= • Books close: 18-Feb-10 • Payment: 4-Mar-10
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0.50Segment: Main Investment Market
Sector: Agricultural
Brief Company Profile
Sasini House Loita Street PO Box 30151 Nairobi, Kenya +254-20-342166 (Phone)
+254-20-316573 (Fax)
Company website:
http://www.sasini.co.ke
News Releases | Corporate History/Profile | Executives
Updated: Tue, June 17, 2008
Business Performance
Sasini is mainly involved in the growing, processing and sale of tea and coffee, which contribute the bulk of sales — with tea and coffee sales having constituted 67% and 29% of total sales in 2005 respectively. In its bid to diversify its product portfolio, and contain the price instability of the tea and coffee, the firm is also increasing its involvement in dairy and horticultural activities. In addition, to further curb against the adverse effects of price volatility on both tea and coffee prices, the firm has intensified its value addition initiatives both locally and abroad. In this regard, it aims to gain and foster brand equity by the introduction and popularising of the “Sasini” brand for value added teas and coffees. In pursuit of this strategy, the firm has already registered the Sasini trademark in the U.K. and Australia. Moreover, these brands will have a greater impact overseas as Kenyan teas and coffees already extract a quality premium internationally coupled with the fact that local consumption of both commodities is relatively low.
The firm's financial results for the year 2004/05 are reflective of the adverse effects of the dry weather patterns and a strengthening shilling. As a result, both the firm's revenue and profitability declined significantly. Revenues by 10% to KES 932.00 Million while earnings declined from a profit KES 20.29 , the previous year, to a loss of Kshs (10.17). In the first half of the 2005/06 financial-year, the deterioration in turnover continued with turnover declining by 16% to KES 444.00 Million. However, the firm was able to register a small profit of KES 45.70 Million partly on account of changes in fair value of biological assets of KES 133.00 Million, which is unrealised income.
Future Prospects
In the short run price instability in both tea and coffee will prevail but in the long run its value addition initiatives coupled with its horticulture and dairy ventures should help to stabilize the firm's profitability.
Updated: Thu, October 26, 2006
• Sasini Bond Starts Trade At NSE (07 Dec 2007)
Sasini Limited's Sh600 million bond started trading at the Nairobi Stock Exchange making it the first listed bond in the market by an agricultural-based company.
• Sh600m Sasini Bond Sells Out (04 Dec 2007)
Investors have taken up the whole of Sasini Limited Sh600 million bond launched two weeks ago, according to figures released on Tuesday.
• Sasini Taps Into Bond Market for Sh600 Million (21 Nov 2007)
Sasini Tea and Coffee Ltd has launched a Sh600 million five-year corporate bond, becoming the third firm to tap into the country's budding bond market for financing in the last one month. Sasini will be looking to replicate the success of PTA Bank and...
• Sasini Rolls Out Its First Coffee Shops in Nairobi (18 Nov 2007)
Sasini Tea and Coffee promises to export the African coffee drinking culture to the rest of the world following the launch of its first coffee shop in Nairobi.
• NSE Says Yes to Sh5bn Barclays Bond (14 Nov 2007)
The Nairobi Stock Exchange on Wednesday allowed Barclays Bank of Kenya to list a Sh5 billion bond at the bourse making it the first bank in the country to borrow from the public to finance its operations. The board also approved listing of a similar...
• Sasini Worried By High Labour Costs (18 Sep 2007)
A tea producer says high wages and a firm shilling are eroding export earnings. According to a government task force report on tea released last month, payments to tea pluckers make up over 60 per cent of a producer's expenditure. "As we have...
• Sasini Decries Poor Local Tea Drinking (18 Jul 2007)
Agricultural estates company, Sasini, has deplored the low tea consumption in the country among the crop's producing countries.
• Sasini to Open Coffee Houses in Nairobi (02 May 2007)
Sasini Ltd has finalised plans to set up coffee houses in Nairobi, in its retail market expansion programme.
• Sasini to Spend Sh70m in Marketing (23 Feb 2007)
Sasini Tea and Coffee Company will spend Sh70 million to promote its products locally and internationally.
• Sasini Share Split Allowed (08 Feb 2007)
The Capital Markets Authority has allowed Sasini Tea and Coffee to split its share into five. The plantations company says the move has been occasioned by the sharp rise in its share price.
• Sasini Makes Sh349 Million Profit (20 Dec 2006)
Plantation firm Sasini Tea and Coffee has recorded massive profit after a huge loss last year.
• Sasini Raises Share Capital to Sh300m (06 Nov 2006)
Sasini Tea and Coffee shareholders have voted to increase the company's share capital to Sh300 million from Sh200 million.
• Sasini to Increase Capital to Sh300m (03 Nov 2006)
Sasini Tea and Coffee Limited shareholders have agreed to raise the company's authorised share per capital from Sh200 million to Sh300 million to accommodate expansion on value addition.
• Sasini Seeks $1.4m to Boost Investment in Coffee Sector (23 Oct 2006)
Coffee's plans to raise $1.4 million from its shareholders this week following the payment of an interim dividend of 20 per cent last Friday.
• Sasini Moves To Halt Profit Slide With Branded Coffee (06 Jul 2006)
A listed agricultural firm yesterday launched branded tea and coffee products.
• Liberalise Coffee Sector, Government Told (05 Jul 2006)
Sasini Tea and Coffee Company yesterday petitioned the Government to accelerate liberalisation of the coffee sub-sector.
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