Kakuzi Share News (KAKU)

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

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."

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.

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

(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

EARNINGS UPDATES: Surgical Innovations and KRM22 narrow loss in 2021

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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

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

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

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

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

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

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

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

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

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

Kakuzi Non-Executive Director Kenneth Tarplee Dies

Kakuzi Non-Executive Director Kenneth Tarplee Dies

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

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