Limuru Tea Plc (LIMT) Realtime Stock Quote | Nairobi Securities Exchange | myStocks
|
Limuru Tea Plc (LIMT) |
End of day - Dec 03, 2024
350.00
-15.00 (-4.11%)
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365.00
Previous
|
350.00 -15.00 (-4.11%)
End of day - Dec 03, 2024
| 350.00 High
| 350.00 Low
| 100 Volume
| 35,000.00 Turnover
|
350.00 - 380.00
52-week Range
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Mon | Tue | Wed | Thu | Fri | Sat | Sun |
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Today:
Corporate Actions Outlook
Payment of KES 1.00 final dividend Jun 30 2024
Payment of KES 1.00 final dividend Jun 30 2024
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Market Commentary
08 Apr 2014
Tea stocks absorb blow of falling tea prices.
Listed tea companies have faced a tough operating environment in the recent past. Unpredictable weather, uncertain market demand and falling tea prices have significantly affected sales and profitability. Nevertheless their respective market prices have continued to defy the odds to register market beating returns.
13 Mar 2014
Kapchorua Tea Survives the Downturn
Kapchorua Tea posted an 18.9% jump in profitability in 2013 to stand at KES 180 million from KES 78 million. Sales dropped marginally to KES 1.35 billion from KES 1.4 billion due to declining tea prices and increasing production in the period. Its stock price has remained robust, up 28% year-to-date and 132% since 2008.Brief Company Profile
Market Segment: Alternative Investment Segment
Sector: Agricultural
Limuru Tea Company Limited is engaged in the growing of green leaf tea. The Company owns over approximately 677 acres of prime agricultural land, 4 kilometers east of Limuru town. The Limuru Tea Company Limited is an outgrower to Unilever Tea Kenya Limited. Unilever Tea Kenya acts as the Company's managing agent in the growing, manufacturing, sales and marketing of its teas. The tea estate green leaf is manufactured in the Unilever Tea Kenya Mabroukie factory from where it is sold mainly for export.
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