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An announcement from Kakuzi Ltd ( (GB:KAKU) ) is now available.
Kakuzi Ltd reported a decline in its half-year profit to Ksh 395 million from Ksh 951 million in 2024, mainly due to a lower crop valuation for avocados. However, the macadamia segment showed significant improvement with a profit of Ksh 319 million, up from Ksh 32 million the previous year, and the blueberry business turned profitable with a Ksh 13 million gain. The tea business, however, faced losses due to lower prices. The company has exported a substantial volume of avocados to Europe, while the macadamia market remains strong with high demand and pricing gains.
More about Kakuzi Ltd
Kakuzi Ltd is a diversified agricultural company primarily involved in the production and export of avocados, macadamia nuts, blueberries, and tea. The company focuses on international markets, particularly in Europe, and is committed to contributing positively to local development.
Technical Sentiment Signal: Strong Buy
Current Market Cap: £44.96M
Learn more about KAKU stock on TipRanks’ Stock Analysis page.