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KAKU Kakuzi Ld

92.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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

Kakuzi Ld Half-year Report (8093X)

15/08/2018 7:00am

UK Regulatory


Kakuzi Ld (LSE:KAKU)
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From Mar 2019 to Mar 2024

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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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