Mumias Sugar Company Ltd (MSC)

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0.70
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End of day - Nov 12, 2018
0.700.75
Intra-day Range
20,600
Volume
15,255
Turnover
0.501.20
52-week Range
 
Sector:Manufacturing and AlliedShares Issued:1.53BMarket Cap.:1.07B
Segment:Main Investment SegmentAvg. Vol. (1m):233,515BETA (^NASI)0.23748
Year End:June 30Dividend/Share:-Earnings/Share:-3.04
Par Value:5.00 (Ordinary) PE Ratio:-0.77Dividend Yield:%
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About Mumias Sugar Company Ltd

Mumias Sugar Company Limited is a Kenya-based company, which is engaged in the production and sale of sugar, ethanol, water and the generation and sale of electricity. The Company's operating segments include Sugar segment, Energy segment, Ethanol segment and Water segment. The Sugar segment primarily produces and sells sugar. The Energy segment generates electricity from bagasse, which is a byproduct of sugar production for sale to the Kenya Power & Lighting Company Limited. The Ethanol segment primarily produces and sells ethanol. The Water segment primarily produces and sells bottled drinking water. The Company's agricultural operations include cane production, cane delivery and establishment of cane buying centers, among others. In addition, Mumias Sugar Limited operates an Ethanol plant and Water Bottling Plant.

The Company recentlyreceived a second bail out tranche of KES 1.1 Billion bringing to KES 2.1 billion the toal amount of cash received from the National Treasury. The company plans to spend the funds to purchase factory spares, settle outstanding payments to farmers and put a staff rationalization programme in place. Mumia Sugar Ltd expects to export power to the National Grid going forward.  It turn around strategy includes restructuring of long term loans by lengthening their repayment period to seven years, including a two-year grace period. 

Jan 16, 2017
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