RNS Number : 0021Y
Kakuzi Ld
25 August 2009
|
KAKUZI LIMITED
EXTRACT FROM THE INTERIM FINANCIAL STATEMENTS
FOR THE PERIOD OF SIX MONTHS TO 30 JUNE 2009
AND DIVIDEND ANNOUNCEMENT
|
|
The unaudited results for the Kakuzi Group for the period of six months to 30 June 2009 and the
comparative figures for the previous year are as follows: -
|
|
|
30 June 2009
Shs'000
|
|
30 June 2008
Shs'000
|
|
|
|
|
|
|
|
|
|
Sales
|
694,947
|
|
460,830
|
|
|
|
|
|
|
|
|
|
|
|
Profit/(loss) before finance costs and income tax
|
88,069
|
|
(763)
|
|
|
|
|
|
|
Finance costs
|
(15,071)
|
|
(27,081)
|
|
Profit/(loss) before income tax
|
72,998
|
|
(27,844)
|
|
|
|
|
|
|
Income tax expense
|
(37,891)
|
|
(5,127)
|
|
|
|
|
|
|
Profit/(loss) for the period (within which a loss of Shs 13,842,000
has been dealt with in the accounts of the company)
|
35,107
|
|
(32,971)
|
|
|
|
|
|
|
|
|
Profit/(loss) attributable to:
|
|
|
|
|
Equity holders of the company
|
23,359
11,748
|
|
(38,044)
5,073
|
|
Minority interest
|
|
|
|
|
|
|
|
Earnings/(loss) per share attributable to equity holders
|
|
|
|
|
of the company:
|
Shs
|
|
Shs
|
|
|
|
|
|
|
Basic and diluted earnings/(loss) per stock unit
|
1.19
|
|
(1.94)
|
|
|
|
|
|
The Interim Financial Statements have been prepared in accordance with the International Financial Reporting Standards (IFRS).
During the first six months of the year the Tea and Avocado operations made satisfactory contributions to profit. Turnover was up in relation to year 2008 due to better tea prices and sale of early season Outgrowers Fuerte Avocado.
The pricing demand on our Hass Avocados sales during the second half of the year together with the present worldwide recession and current drought conditions in Kenya remain a concern and brings uncertainties to our business.
In view of these uncertainties, the Directors do not recommend the payment of an Interim Dividend.
K W Tarplee
Chairman
25 August 2009
This information is provided by RNS
The company news service from the London Stock Exchange
END
IR PUUMPRUPBGQA