6 Dec 2023 07:00
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Ā Ā Ā PROFIT WARNING ANNOUNCEMENT FOR THE FINANCIAL YEAR ENDING 31ST DECEMBER 2023 Ā Kakuzi Plc ('The Group') makes this announcement pursuant to the Capital Markets Authority regulations for publicly listed companies. Ā The Group currently forecasts that net earnings for financial year 2023 may be at least 25% lower than those of financial year 2022. Ā This anticipated drop in full year net earnings is mainly as a result of our Macadamia business which is expected to post a loss due to a significant decline in demand and price in the global markets of China, Japan and the USA. Ā However, our other crops are performing as per expectations with a strong performance expected from Avocado. Ā This profit warning announcement is based on the performance to date with reference to information currently available. Ā By order of the Board Ā N NG'ANG'A Chairman Ā 5th December 2023 | Ā |
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