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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 : 4947W
Kakuzi Ld
19 August 2020
KAKUZI PLC
EXTRACT FROM THE INTERIM FINANCIAL STATEMENTS
FOR THE PERIOD OF SIX MONTHS TO 30 JUNE 2020
The unaudited results for the Kakuzi Group for the period of six months to 30 June 2020 and the comparative figures for the previous year are as follows:
Condensed Consolidated Statement of Profit or Loss and other Comprehensive Income 30 June 30 June 2020 2019 Shs'000 Shs'000 Sales 889,909 619,463 ======= ======== Profit before fair value gain in non-current biological assets and income tax 186,022 334,857 Fair value gain in non-current biological assets 18,095 20,225 Profit before income tax 204,117 355,082 Income tax credit/(expense) 68,670 (109,501) ------- -------- Profit for the period 272,787 245,581 Other Comprehensive Income: Items that are not reclassified to profit or loss: Remeasurement of post-employment - - benefit obligations (net of tax) Total comprehensive income 272,787 245,581 ======= ======== Shs Shs Earnings per share (Shs): Basic and diluted earnings per ordinary share 13.92 12.53 Condensed Consolidated Statement of Cash flows 30 June 30 June 2020 2019 Shs'000 Shs'000 Cash and cash equivalents at the beginning of the year 1,696,130 1,500,935 --------- --------- Net cash used in operating activities (226,022) (86,944) Net cash used in investing activities (195,489) (235,314) Net cash used in financing activities (274,413) (176,400) Effect of exchange rate differences on cash and cash equivalents 12,856 1,911 --------- --------- Decrease in cash and cash equivalents (683,068) (496,747) Cash and cash equivalents at the end of the year 1,013,062 1,004,188 ========= ========= Condensed Consolidated Statement of Financial Position Audited 30 June 30 June 31 December 2020 2019 2019 Shs'000 Shs'000 Shs'000 EQUITY Share capital 98,000 98,000 98,000 Other reserves 31,463 19,653 31,463 Retained earnings 5,087,249 4,621,004 4,814,462 Proposed dividends - - 274,400 ---------- --------- ----------- Total equity 5,216,712 4,738,657 5,218,325 Non-current liabilities 914,503 972,478 1,007,047 ---------- --------- ----------- 6,131,215 5,711,135 6,225,372 ========== ========= =========== REPRESENTED BY Non-current assets 3,920,666 3,745,481 3,868,015 Current assets 1,568,992 1,371,745 896,890 Cash and cash balances 1,013,062 1,004,188 1,696,130 Current liabilities (371,505) (410,279) (235,663) ---------- --------- ----------- Net current assets 2,210,549 1,965,654 2,357,357 ---------- --------- ----------- 6,131,215 5,711,135 6,225,372 ========== ========= =========== 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 At start of the year 98,000 31,463 4,814,462 274,400 5,218,325 Profit for the period - - 272,787 - 272,787 Dividends paid - - - (274,400) (274,400) At end of period 98,000 31,463 5,087,249 - 5,216,712
RESULTS:
The profit before tax for the period to June 2020 was KSh 204.1 million compared to a profit of KSh 355.1 million for the same period last year. This is principally due to a financial provision write back in 2019.
During the first half of the year, avocado profits are on a par with 2019, macadamia profits are greater, and our tea operations made an operating loss of KSh 11.3 million compared to a loss of KSh 1.1 million in 2019.
The profit after tax for the period to 30 June 2020 was KSh 272.8 million compared to a profit of KSh 245.5 million for the same period last year. This is principally due to the release of deferred tax provision in view of the reduction of the Corporate tax rate to 25% from 30% by the Government.
The Directors do not recommend the payment of an interim dividend.
BY ORDER OF THE BOARD
G H MCLEAN
CHAIRMAN
18 AUGUST 2020
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 BSGDIDUBDGGI
(END) Dow Jones Newswires
August 19, 2020 02:00 ET (06:00 GMT)
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