Kakuzi Plc Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2017
Kakuzi Plc reported unaudited consolidated earnings results for the six months ended June 30, 2017. For the period, the company reported sales of KES 547,277,000 against KES 437,347,000 a year ago. Operating profit was KES 58,477,000 against KES 23,829,000 a year ago. Profit before income tax was KES 105,462,000 against KES 63,577,000 a year ago. Profit was KES 73,203,000 or KES 3.73 per basic and diluted ordinary share against KES 45,388,000 or KES 2.32 per basic and diluted ordinary share a year ago. Negative net cash from operating activities was KES 27,778,000 against KES 165,604,000 a year ago. Purchase of property, plant and equipment was KES 143,136,000 against KES 178,204,000 a year ago. Purchase of biological assets and development was KES 6,370,000 against KES 9,655,000 a year ago.