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Kakuzi taps into reserves to pay record dividend

Kakuzi Chairman Nicholas Ng'ang'a [David Njaaga, Standard]

Agricultural firm Kakuzi has tapped into retained earnings to pay its highest ever dividends despite reporting the lowest profit in seven years.

The firm yesterday announced a 48.6 per cent decline in net profit to Sh319.7 million in the financial year ended December 2021, compared to Sh622 million in the preceding year.

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