Kakuzi Ltd Reports Robust Mid-Year Profits

Kakuzi Ltd (GB:KAKU) has released an update.

Kakuzi Ltd has reported a significant increase in its half-year profits, with a pretax profit of Ksh.507 million, a considerable rise from the previous year’s figures. The growth is attributed to a strong performance in the avocado market, which saw profits jump by 42%, and a rebound in the macadamia market with a profit of Ksh.32 million after last year’s loss. Despite these gains, the company’s profits were affected by a Ksh.163 million foreign exchange loss, and no interim dividend has been recommended by the directors.

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