Kakuzi Ld
02 September 2005
KAKUZI LIMITED
DIVIDEND ANNOUNCEMENT AND EXTRACT FROM THE
INTERIM FINANCIAL STATEMENTS
FOR THE PERIOD OF SIX MONTHS TO 30 JUNE 2005
The unaudited results for the Kakuzi Group for the period of six months to 30 June 2005 and the
comparative figures for the previous year are as follows: -
30 June 2005 30 June 2004
Shs'000 Shs'000
Turnover 501,025 622,263
Continuing operations 501,025 590,951
Discontinuing operations - 31,312
Operating loss (71,075) (4,586)
Continuing operations (71,075) 33,875
Discontinuing operations - (38,461)
Net finance costs (18,338) (23,652)
Loss before income tax (89,413) (28,238)
Continuing operations (89,413) 10,223
Discontinuing operations - (38,461)
Income tax credit 30,210 7,076
Loss attributable to the members of Kakuzi (59,203) (21,162)
Limited
Shs Shs
Loss per stock unit - Basic and Diluted (3.02) (1.08)
The Interim Financial Statements have been prepared in accordance with
International Financial Reporting Standards including IAS 41 - Agriculture.
Production on our tea estates is running close to last year's level but prices
have fallen significantly. Production from our pineapple joint venture with Del
Monte Kenya Ltd has been lower than in previous years. At present the most
serious matter affecting Kakuzi Limited is the continuing strength of the Kenya
shilling against currencies in which we sell our products overseas.
In view of the loss we are reporting for the first six months of the year, the
Directors do not recommend the payment of an interim dividend.
Dr. T R Fowkes
Chairman
31st August 2005.
This information is provided by RNS
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