Kenya Orchards Limited, a listed firm primarily involved in distributing processed fruits, vegetables and other food products, made a net loss of KSh 3.7 Million at the end of the first six months of this year.
In H1, 2020, the firm made a net loss of KSh 690,961.00 while Revenue fell from KSh 28.3 Million to KSh 24.8 Million during the period under review.
The firm’s gross losses reached KSh 2.9 Billion in H1, 2021 from a gross profit of KSh 1.3 Billion at the end of the first six months of 2020, while revenue decreased to KSh 24.8 Million from KSh 28.3 Million in H1, 2020.
Shareholders’ funds declined to KSh 16.3 Million from KSh 31.9 Million at the end of H1, 2020, while loss per share was KSh 0.29 compared to KSh 0.05 in H1, 2020.
The firm’s top 5 shareholders include board Chairman Thakarshi K. Patel(34.28%), Westpac Holdings Limited( 31.58%), MD Vipul Patel(14.89%), Sadolin Paints(E.A) Limited(14.21%) and Dineshchandra Lalji Shah(1.65%).
Kenya Orchards is involved in the manufacture and sale of bottled fruits and vegetables, canned products, a range of spices and seasoning, fruit jams, tomato paste, tomato sauce, maple syrup, mayonnaise, custard powder, white vinegar, baked beans, matoke and mushrooms.
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