Kenya Orchards Limited has released its financial results for the year ended 31^st December 2012. The company’s profit before tax increased by an impressive 100.9% in the year moving up from Kshs. 620,520 in the previous period to Kshs. 1,246,812 in the year ended December 2011.

Profit after tax increased from Kshs. 561,798 in the previous period to Kshs. 712,266 realised in the year ended 31^st December 2011 representing a 26.78% increase in profits after tax. The company’s income tax obligation increased in the period from Kshs. 58,722 paid in the previous period to Kshs. 534,546 paid in the year. Cash generated from operations increased as well from a negative position in the previous period of Kshs. 84,586 to a positive Kshs. 211,369.

[caption id="attachment_3676" align="alignleft" width="300" caption="The company proposes a dividend of 0.43 cents per share"][/caption]

The company has proposed dividends of Kshs. 55,000, to remain the same as last year’s dividend payout. This translates to a dividend per share of Kshs. 0.43 cents.

The counter moved 200 shares today representing a turnover of Kshs. 600. Shillings!

It is worth noting that the share price has remained at Kshs. 3  for over4 years.

A shareholder will require at least 234,000 shares to receive a dividend of Kshs.1,000