ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

KAKU Kakuzi Ld

92.50
0.00 (0.00%)
17 Jan 2025 - 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 5.4B 453.52M 23.1386 0.04 18.13M

Kakuzi Ld Profit Warning Announcement

27/11/2024 6:30pm

RNS Regulatory News


RNS Number : 7660N
Kakuzi Ld
27 November 2024
 

 

 

PROFIT WARNING ANNOUNCEMENT

 

Consistent with the provisions of Paragraph 14.5.7 of the Thirteenth Schedule of the Capital Markets (Public Offers, Listing and Disclosures) Regulations, 2023, Kakuzi Plc ('The Group') issues this profit warning notice and cautionary statement to our current and potential investors as well as the general public. This profit warning notice arises from trading information, market forecasts and the unaudited results to 31st October 2024, among other data sources currently at the Board's disposal. We, therefore, wish to report that our net earnings for the year ending 31st December 2024 are expected to be more than 25% lower than that reported for the year ended 31st December 2023.

 

The anticipated drop in full-year earnings is mainly a result of lower turnover from Avocado exports arising from a lower crop and supply chain disruptions due to the prevailing Middle East geopolitical tensions.  The Red Sea route to our main European markets is effectively closed.  The longer journey times, around the Cape, has resulted in significant quantities of spoilt fruit with low market returns.

 

In a positive light, our macadamia business has recovered well in the year, our order books are full, and the price level is almost double this time last year.  However, this cannot fully compensate for the losses of extended shipping times on avocados.

 

By order of the Board

 

Nicholas Ng'ang'a

CHAIRMAN

26TH NOVEMBER 2024

 

DISCLAIMER: This announcement is for information purposes only. It has been issued with the approval of the Capital Markets Authority pursuant to the Capital Markets (Securities) (Public Offerings, Listings and Disclosures) Regulations 2002 as amended. As a matter of policy, the Capital Markets Authority assumes no responsibility for the correctness of the statements appearing in this announcement.

 

 

 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCDZMZMMVLGDZZ

1 Year Kakuzi Ld Chart

1 Year Kakuzi Ld Chart

1 Month Kakuzi Ld Chart

1 Month Kakuzi Ld Chart

Your Recent History

Delayed Upgrade Clock