Kakuzi Ld
30 August 2007
KAKUZI LIMITED
DIVIDEND ANNOUNCEMENT AND EXTRACT FROM THE
INTERIM FINANCIAL STATEMENTS
FOR THE PERIOD OF SIX MONTHS TO 30 JUNE 2007
The unaudited results for the Kakuzi Group for the period of six months to 30 June 2007 and the comparative
figures for the previous year are as follows: -
30 June 2007 30 June 2006
Shs'000 Shs'000
Turnover 736,057 574,040
Operating loss (84,577)
(593)
Finance costs (27,132) (39,916)
Loss before income tax (27,725) (124,493)
Income tax credit 4,369 28,718
Loss attributable to the members of Kakuzi (23,356) (95,775)
Limited
Shs Shs
Loss per stock unit - Basic and Diluted (4.89)
(1.19)
The Interim Financial Statements have been prepared in accordance with
International Financial Reporting Standards including
IAS 41 - Agriculture.
Weather conditions have been generally favourable so far this year. Tea,
cattle, forestry and fresh pineapple made positive
contributions to company profitability. We expect avocados to again generate
reasonable profits in 2007, but most of these profits
will only accrue during the second half of the year.
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
28 August 2007
This information is provided by RNS
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