KTDA Management Services limited has released KSh27.62 billion to its 54 tea factories. This is the final payment for the year ended June 30, 2020 and brings the total payment for the year to KSh51.85 billion.
The payment for the year grew by 11.6 percent from the Ksh46.48 billion paid last year. KTDA managed smallholder tea factories recorded a 14 percent jump in revenue in the year ended June 30, 2020. Revenues rose to Ksh79 billion from Ksh69 billion in the previous year driven by increased green leaf production.
Green leaf production increased 29 percent to 1.45 billion kilograms from 1.13 billion kilograms over a similar period last year. The volume of made tea also increased to 326 million kilograms from the 267 million kilograms recorded last year.
|Tharaka Nithi||Sh881 million|