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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 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
General Farms,primarily Crop | 4.43B | 845.8M | 43.1533 | 0.02 | 18.13M |
TIDMKAKU
RNS Number : 8093X
Kakuzi Ld
15 August 2018
KAKUZI PLC
EXTRACT FROM THE INTERIM FINANCIAL STATEMENTSFOR THE PERIOD OF SIX MONTHS TO 30 JUNE 2018
The unaudited results for the Kakuzi Group for the period of six months to 30 June 2018 and the comparative figures for the previous year are as follows:
Condensed Consolidated Statement of Comprehensive Income 30 June 30 June 2018 2017 Shs'000 Shs'000 Sales 613,118 547,277 ======== ======= Profit before fair value gain in non-current biological assets and income tax 361,927 85,462 Fair value gain in non-current biological assets 20,641 20,000 Profit before income tax 382,568 105,462 Income tax expense (112,114) (32,259) -------- ------- Profit for the period 270,454 73,203 Other Comprehensive Income - - Total comprehensive income 270,454 73,203 ======== ======= Total comprehensive income attributable to equity holders of the company: 270,454 73,203 ======== ======= Shs Shs Earnings per share attributable to equity holders of the company: Basic and diluted earnings per ordinary share 13.80 3.73 Condensed Consolidated Statement of Financial Position 30 June 30 June 31 December 2018 2017 2017 Shs'000 Shs'000 Shs'000 EQUITY Share capital 98,000 98,000 98,000 Other reserves 16,607 14,872 16,607 Retained earnings 4,340,683 3,688,989 4,070,229 Proposed dividends - - 137,200 ---------- --------- ----------- Total equity 4,455,290 3,801,861 4,322,036 Non-current liabilities 871,632 836,733 807,190 ---------- --------- ----------- 5,326,922 4,638,594 5,129,226 ========== ========= =========== REPRESENTED BY Non-current assets 3,402,413 3,037,497 3,338,922 ---------- --------- ----------- Current assets 1,292,927 884,675 758,455 Cash and cash equivalents 1,297,393 1,143,772 1,648,749 Current liabilities (665,811) (427,350) (616,900) --------- ----------- Net current assets 1,924,509 1,601,097 1,790,304 --------- ----------- 5,326,922 4,638,594 5,129,226 ========== ========= =========== Condensed Consolidated Cashflow Statement 30 June 30 June 2018 2017 Shs'000 Shs'000 Cash and cash equivalents at the beginning of the year 1,648,749 1,430,576 --------- --------- Net cash used in operating activities (144,726) (27,778) Net cash used in investing activities (69,430) (141,426) Net cash used in financing activities (137,200) (117,600) Decrease in cash and cash equivalents (351,356) (286,804) Cash and cash equivalents at the end of the period 1,297,393 1,143,772 ========= ========= Condensed Consolidated Statement of Changes in Equity Share Other Retained Proposed Total capital reserves earnings dividends Equity Shs'000 Shs'000 Shs'000 Shs'000 Shs'000 On 1.1.2018 98,000 16,607 4,070,229 137,200 4,322,036 Profit for the period - - 270,454 - 270,454 Dividends paid - - - (137,200) (137,200) -------- --------- --------- ---------- --------- On 30.6.2018 98,000 16,607 4,340,683 - 4,455,290
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 profit before tax for the period to 30 June 2018 was KSh382.60 million compared to a profit of KSh105.5 million for the same period last year.
During the period under review, tea profits improved due to higher volumes and firm prices in the first quarter. Avocado results are significantly improved on last year's performance due to increased volumes and a strong winter market in Europe. Macadamia and Forestry results made a positive contribution to profits.
However, given the volatility that has now crept in to the markets, the trading picture for the second half of the year is very difficult to predict, particularly as this is the time when the vast majority of the avocado crop is sold.
The Directors do not recommend the payment ofan Interim Dividend.
BY ORDER OF THE BOARD
G H MCLEAN
CHAIRMAN
14 August 2018
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
IR BLGDIISBBGIS
(END) Dow Jones Newswires
August 15, 2018 02:00 ET (06:00 GMT)
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