Kakuzi Regulatory News (KAKU)

30 Aug 2007 12:29

Kakuzi Ld30 August 2007 KAKUZI LIMITED DIVIDEND ANNOUNCEMENT AND EXTRACT FROM THE INTERIM FINANCIAL STATEMENTS FOR THE PERIOD OF SIX MONTHS TO 30 JUNE 2007 The unaudited results for the Kakuzi Group for the period of six months to 30 June 2007 and the comparative figures for the previous year are as follows: - 30 June 2007 30 June 2006 Shs'000 Shs'000 Turnover 736,057 574,040 Operating loss (84,577) (593) Finance costs (27,132) (39,916) Loss before income tax (27,725) (124,493) Income tax credit 4,369 28,718 Loss attributable to the members of Kakuzi (23,356) (95,775) Limited Shs Shs Loss per stock unit - Basic and Diluted (4.89) (1.19) The Interim Financial Statements have been prepared in accordance withInternational Financial Reporting Standards including IAS 41 - Agriculture. Weather conditions have been generally favourable so far this year. Tea,cattle, forestry and fresh pineapple made positive contributions to company profitability. We expect avocados to again generatereasonable profits in 2007, but most of these profits will only accrue during the second half of the year. In view of the loss we are reporting for the first six months of the year, theDirectors do not recommend the payment of an interim dividend. Dr. T R Fowkes Chairman 28 August 2007 This information is provided by RNS The company news service from the London Stock Exchange