Williamson Tea Kenya PLC has posted improved trading results despite a glut in the industry, and a surging pandemic. – By Gerald Gekara.
According to trading results reflecting a period of 6 months to 30th September, the tea giant turnover increased in the last six months.
The company recorded Sh1.9 billion in revenues in the period under review, up from Sh1.3 billion in the previous year. Its operating losses stood at Sh17.6 billion.
“Tea production increased by 34.5 per cent from 106,314 tonnes in the second quarter of 2019 to 143,037 tonnes in the period under review,” said KNBS.
The world renown tea farm quoted export challenges in the international market that caused dwindling earnings, with many companies in the country posting losses.
The company leadership however hailed the ‘modest profit’ despite the prevailing Covid 19 challenges that has hit the world economy.
“Inspite of the record low prices in the market place due to the very high supply side, the group has posted a modest profit”, a statement signed by the Company Secretary G K Masaki says in part.
Williamson Tea operates expansive tea firms including Kaimosi tea farmswhich produce the Earl grey tea bags and Elephant grey tea. Its other farm is Tinderet farm known for its Snow globle and Traditional Afternoon Loose tea caddy brands.
Williamson also operates the Changoi tea farm with a solar photovoltaic system installed, enabling it to be entirely powered by renewable energy. It is the largest solar park in East Africa.
Changoi farm’s brands include the Regal and Loose Christmas special caddy.
