Kakuzi first half pretax profit falls 16 pct on poor fruit harvest
Business
By
Reuters
| Aug 12, 2015
Kenyan agricultural firm Kakuzi Limited said on Tuesday its first half pretax profit fell 16 percent to 63.8 million shillings ($632,623) after drought hurt its avocado harvest.
The company - which also grows tea, macadamia nuts and pineapples and rears livestock - also said in a statement that its total sales fell to 420.2 million shillings from 447.6 million shillings.
Earnings per share were down to 2.22 shillings from 2.50 shillings in first half of 2014, Kakuzi said. It recommended that no interim dividend be paid, the same as last year.
READ MORE
Expert: The shilling has regained value, but don't expect it to last
Unearthing the artifacts of WWII: A journey through Matuu and beyond
Roam, County Bus Service partner to deploy 200 electric buses
Budget cuts loom for Parliament thanks to Sh9.6b Bunge Towers
Private sector partnerships important to catalysing sports
Tax stand-off as boda boda riders defy county call to pay
Islamic banking gets traction in Africa as Salaam Bank feted
Data privacy major challenge for Kenya's digital space, report
Angola ICT Minister: Invest in space industry to ensure a connected, peaceful Africa
- Expert: The shilling has regained value, but don't expect it to last
- Budget cuts loom for Parliament thanks to Sh9.6b Bunge Towers
- Governors reject revenue Bill, demand Sh439.5 billion allocation