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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Kakuzi Ld | LSE:KAKU | London | Ordinary Share | KE0000000281 | STK KES5 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 92.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
General Farms,primarily Crop | 5.4B | 453.52M | 23.1386 | 0.04 | 18.13M |
TIDMKAKU
RNS Number : 3191S
Kakuzi Ld
17 March 2016
KAKUZI LIMITED ANNOUNCEMENT OF GROUP RESULTS FOR THE YEAR ENDED 31 DECEMBER 2015 Condensed consolidated statement of profit or loss and other comprehensive income 31 December 31 December 2015 2014 Shs'000 Shs'000 Sales 2,481,844 1,689,917 =========== =========== Profit before fair value gain in Biological assets and income tax 650,183 153,486 Fair value gain in Biological assets 114,262 79,313 Profit before income tax 764,445 232,799 Income tax expense (236,758) (72,594) ----------- ----------- Profit for the year 527,687 160,205 Other comprehensive income: Items that are not reclassified to profit or loss: Remeasurement of post employment benefit obligations (net of tax) 4,955 (6,005) Total comprehensive income 532,642 154,200 =========== =========== Earnings per share (Shs): Basic and diluted earnings per stock unit 26.92 8.17 =========== =========== Condensed Consolidated Statement of Financial Position 31 December 31 December 2015 2014 Shs'000 Shs'000 EQUITY Share capital 98,000 98,000 Other reserves 8,936 3,981 Retained earnings 3,238,934 2,809,247 Proposed dividends 98,000 73,500 ----------- ----------- Total equity 3,443,870 2,984,728 Non-current liabilities 742,099 695,305 ----------- ----------- 4,185,969 3,680,033 =========== =========== REPRESENTED BY Non-current assets 3,025,106 2,676,369 ----------- ----------- Current assets 354,639 207,395 Cash and bank balances 1,175,434 973,690 Current liabilities (369,210) (177,421) Net current assets 1,160,863 1,003,664 4,185,969 3,680,033 =========== =========== OVERVIEW: The above is an extract from the financial statements which have been prepared in accordance with the International Financial Reporting Standards (IFRS) and audited by PricewaterhouseCoopers, Certified Public Accountants of Kenya, and on which an unqualified opinion has been issued. The improved profit is considered satisfactory and was driven to some extent by the weather conditions as well as favourable market demand for our main export products. Avocado was dominant in returns but tea and forestry made useful contribution to profits. The weakening Kenya Shilling also worked in our favour as well as the fact that we could take advantage of high interest rates with our strong cash position. DIVIDEND: The Directors recommend the payment of a first and final dividend for the financial year 2015 of Shs 5.00 per stock unit (2014: Shs 3.75) subject to shareholders approval. The dividend shall be paid on or about 30 June 2016 to the shareholders on the members' register at the close of business on Tuesday, 31 May 2016. ANNUAL GENERAL MEETING: The Annual General Meeting of the Company will be held on Tuesday 17 May 2016 at 12.00 Noon at Nairobi Serena Hotel. BY ORDER OF THE BOARD K W Tarplee Chairman 16 March 2016 ---------------------------------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACSSFSFDMFMSEED
(END) Dow Jones Newswires
March 17, 2016 03:00 ET (07:00 GMT)
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