Eaagads Limited profit for the 6 months ended September 2015 decreased by 20.57% to KES 9.53 million compared to KES 12 million reported in September 2014.

Profitability was boosted by fair value gain on revaluation of biological assets of KES 13.09 million.

Revenue rose by 6.48% to KES 44.73 million compared to KES 42 million reported in September 2014. This was due to higher sales volume.

Gross profit decreased by 21.37% to KES 22.35 million compared to KES 28.42 million reported in September 2014.

Pretax profit decreased by 27.48% to KES 13.61 million compared to KES 18.77 million reported in September 2014.

Asset base grew by 34.93% to KES 630.17 million compared to KES 467.44 million reported in September 2014.

For more information:

Eaagads Limited Half-year Results - Download