Friday, September 08, 2006
Mumias Sugar announces results
Mumias proved itself as one of the top Kenyan firms run by Kenyans by producing a mind boggling 2bn shillings returns. This was a 20% increase in earnings over the same time last year. Now that makes me really proud! The brighter side is even that the firm has even greater potential given that both the domestic and international markets are starved. Now there a stock to invest in! With clear prospects for growth and further divestiture by the government, up is the only way. The pact that Mumias has with Japan means they will literally be making money while asleep. However because of the huge number of shareholders (I guess) the directors will propose only 1 shilling per share as dividend.
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