× Business BUSINESS MOTORING SHIPPING & LOGISTICS DR PESA FINANCIAL STANDARD Digital News Videos Health & Science Lifestyle Opinion Education Columnists Moi Cabinets Arts & Culture Fact Check Podcasts E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified Jobs Games Crosswords Sudoku The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS

Kenya's Kakuzi H1 pretax profit falls 16 pct on poor fruit harvest

By Reuters | August 12th 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.


Share this story
Dollar could suffer if US walks away from Iran deal: John Kerry
If the United States walks away from the nuclear deal with Iran and demands that its allies comply with U.S. sanctions, a loss of confidence in U.S. leadership could threaten the dollar's position as the world's reserve currency, the top U.S. diplomat said on Tuesday.
Survey: Why 40 pc of workers want to quit their jobs
More than half of 18 to 25 year-olds in the workforce are considering quitting their job. And they are not the only ones.