Unga Group reports 12% rise in full-year profit
01 October 2015, 19:20
Nairobi - Flour miller Unga Group Ltd posted a 12 percent increase in pre-tax profit for the year ended June 30, helped by increased sales.
Unga's pretax profit rose to 635.7 million shillings ($6.1
million) from 567.7 million a year earlier. It said turnover
rose to 18.7 billion shillings, up from 17.0 billion shillings
in the previous year.
"Maize grain availability improved compared to the previous
year, with prices remaining relatively stable over the first
three quarters of the year," the company said on Thursday,
adding that imported wheat prices were also "favourable".
It said total earnings per share rose to 5.27 shillings from
The board recommended a first and final dividend of 1
shilling per share.
For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page!