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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 : 0481G
Kakuzi Ld
03 August 2016
KAKUZI LIMITED EXTRACT FROM THE INTERIM FINANCIAL STATEMENTS FOR THE PERIOD OF SIX MONTHS TO 30 JUNE 2016 The unaudited results for the Kakuzi Group for the period of six months to 30 June 2016 and the comparative figures for the previous year are as follows: Condensed Consolidated Statement of Comprehensive Income Restated 30 June 30 June 2016 2015 Shs'000 Shs'000 Sales 437,347 420,173 ========= =========== (Loss)/Profit before fair value gain in Biological assets and income tax (109,297) (33,858) Fair value gain in Biological assets 57,693 37,411 (Loss)/Profit before income tax (51,604) 3,553 Income tax credit/(expense) 16,366 (1,117) --------- ----------- (Loss)/Profit for the period (35,238) 2,436 Other Comprehensive Income - - Total comprehensive (Loss)/income (35,238) 2,436 ========= =========== Total comprehensive (loss)/income attributable to equity holders of the company: (35,238) 2,436 ========= =========== Shs Shs Earnings per share attributable to equity holders of the company: Basic and diluted earnings per stock unit (1.80) 0.12 Condensed Consolidated Statement of Financial Position Restated Restated 30 June 30 June 31 December 2016 2015 2015 Shs'000 Shs'000 Shs'000 EQUITY Share capital 98,000 98,000 98,000 Other reserves 8,936 3,981 8,936 Retained earnings 3,135,304 2,811,683 3,170,542 Proposed dividends - - 98,000 --------- --------- ----------- Total equity 3,242,240 2,913,664 3,375,478 Non-current liabilities 699,444 699,653 712,787 --------- --------- ----------- 3,941,684 3,613,317 4,088,265 ========= ========= =========== REPRESENTED BY Non-current assets 2,922,894 2,676,157 2,833,891 --------- --------- ----------- Current assets 634,409 503,175 448,150 Cash and cash balances 731,663 665,083 1,175,434 Current liabilities (347,282 ) (231,098) (369,210) Net current assets 1,018,790 937,160 1,254,374 3,941,684 3,613,317 4,088,265 ========= ========= =========== Overview: The above is an extract from the interim financial statements which have been prepared in accordance with the International Financial Reporting Standards (IFRS). The company has fully adopted the amendments to the International Accounting Standard (IAS) 41 - Agriculture and our permanent plantings are now classified under IAS 16 - property, plant and equipment as bearer plants to be depreciated over their expected useful life. This has resulted in the original reported profit before tax for the six month period to 30th June 2015 of Ksh 63.8 million being restated to Ksh 3.5 million. The loss before tax for the period under review is Ksh 51.6 million. This somewhat disappointing result has been mainly due to lower tea prices, lower livestock sales and the delay of macadamia sales due to awaiting completion of the cracking facility construction. To predict financial performance for the year is impossible at this stage with the irregularities of supply and demand together with exchange rates to contend with. The Directors do not recommend the payment of an Interim Dividend. BY ORDER OF THE BOARD K W TARPLEE CHAIRMAN 02 August 2016
This information is provided by RNS
The company news service from the London Stock Exchange
END
IR BLGDIXBGBGLD
(END) Dow Jones Newswires
August 03, 2016 02:00 ET (06:00 GMT)
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