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Pin to quick picksKakuzi Share News (KAKU)

Share Price Information for Kakuzi (KAKU)

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IN BRIEF: Kakuzi interim profit jumps, boosted by avocado market

Wed, 21st Aug 2024 14:28

Kakuzi PLC - Nairobi-based plantation operator - Announces pretax profit jumps to KES507.1 million, about GBP3.0 million, in the first half of 2024, from KES171.1 million a year prior. Sales surge 35% to KES1.18 billion from KES873.2 million. Chair Nicholas Nganga notes the company was positively impacted by a buoyant international avocado market, mostly due to a reduced global supply. However, while the demand for macadamia nuts has returned to pre-Covid levels, prices have remained below pre-pandemic levels despite recovering some ground. He adds: "Our commitment to promoting responsibly grown Kenyan superfoods in both traditional and emerging markets is unwavering. Quality, traceability, and sustainability are our key drivers, and we are encouraged to see a growing customer base appreciating our value-added produce range of edible oil, fresh meats, roasted and coated macadamia nuts."

Current stock price: 92.50 pence

12-month change: unchanged

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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7 May 2024 15:47

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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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6 Dec 2023 12:01

IN BRIEF: Kakuzi expects full-year earnings drop on Macadamia decline

Kakuzi PLC - Nairobi-based plantation operator - Says full-year net earnings may be at least 25% lower year-on-year from KSHS845.8 million, or GBP1.7 million, driven by loss in its Macadamia business due to a"significant decline" in demand and price in China, Japan and the US. However, Kakuzi says other crops are performing as expected and anticipates a strong performance from its Avocado business.

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25 Aug 2023 12:34

IN BRIEF: Kakuzi profit hurt by macadamia glut; avocado market blooms

Kakuzi PLC - Nairobi-based plantation operator - Says in the six months to June 30, pretax fell by 66% to KSHS117.5 million, or GBP642,203, from KSHS341.3 million a year prior, while revenue plummeted to KSHS873.2 million from KSHS1.03 billion the year before. Adds earnings per share dropped 66% to KSHS5.99 from KSHS17.41 a year ago. Notes challenging macadamia markets due to a surplus, but says avocado profits more than doubled to KSHS654.8 million from KSHS288.8 million the year before.

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22 Mar 2023 14:53

EARNINGS SUMMARY: Genel narrows loss; NAHL led by Personal Injury arm

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6 Jan 2022 16:18

Kakuzi earnings drop due to low avocado yields and low EU prices

Kakuzi earnings drop due to low avocado yields and low EU prices

Read more
18 Aug 2021 15:28

IN BRIEF: Kakuzi interim profit rises despite sales dip, dim outlook

IN BRIEF: Kakuzi interim profit rises despite sales dip, dim outlook

Read more
19 Mar 2021 15:22

IN BRIEF: Kakuzi ups payout despite hurt profit on legal proceedings

IN BRIEF: Kakuzi ups payout despite hurt profit on legal proceedings

Read more
2 Nov 2020 16:54

UK EXECUTIVE CHANGE SUMMARY: Kakuzi Acts To Prevent Human Rights Abuse

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19 Aug 2020 10:29

Kakuzi First Half Hit By Tea Glut And Avocado Market Lockdown Hurt

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19 Feb 2020 12:40

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15 Aug 2019 11:05

Camellia Ups Interim Dividend Despite Tea Price Fall Hurting Trading

(Alliance News) - Agriculture firm Camellia PLC on Thursday raised its dividend despite interim revenue declining amid a fall in tea prices.In the six months to June 30, pretax profit fell

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29 Mar 2019 10:58

Kakuzi Annual Profit Drops On Lower Avocado Prices, Oversupply

LONDON (Alliance News) - Kenyan plantation owner Kakuzi Ltd on Friday reported a drop in profit for 2018 due to lower avocado prices.For the year, Kakuzi posted a pretax profit of KES684.1

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