Mumias Sugar Company Ltd (MSC) Realtime Stock Quote
Sector: Manufacturing and Allied
Main Investment Segment
KES 0.27
End of day - Sep 24, 2019
Price Information
Previous:
0.27
Open:
-
Average:
0.27
Deals:
-
Volume:
-
Turnover:
-
RANGE
Day:
- - -
52-week:
0.27 - 0.27
Other Information
Average Volume:
173,770
BETA:
0.17
Shares Issued:
1.53B
Year End:
June 30
Par Value:
-
Profile
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.
