Browsing: Williamson Tea Kenya

• Kapchorua Tea Kenya saw an 87 per cent increase in net profit for the half-year period, reaching $1.4 million compared to $762,240 in the same period last year.
• Similarly, Williamson Tea Kenya posted a 93 percent increase in net profit during the same period, reaching $3.1 million compared to $1.6 million in the previous year.
• Management attributes this growth to cost containment, the use of modern technology, and a weakening shilling.

Kenya’s tea sector is experiencing a recovery, with two tea exporting companies reporting significant increases in net profit for the six months ending September 30, 2023 following strong earnings due to weakening currency.

Both Kapchorua Tea and Williamson Tea, which are listed on the Nairobi Securities Exchange, recorded profit increases of over 80 per cent in the period, attributed to a rise in demand.

Kenya’s tea sector players post huge profit gains

Kapchorua Tea Kenya saw an 87 per …