TIDMKAKU
RNS Number : 9270I
Kakuzi Ld
18 August 2021
KAKUZI PLC
EXTRACT FROM THE INTERIM FINANCIAL STATEMENTS
FOR THE PERIOD OF SIX MONTHS TO 30 JUNE 2021
The unaudited results for the Kakuzi Group for the period of six
months to 30 June 2021 and the comparative figures for the previous
year are as follows:
Condensed Consolidated Statement of Profit or Loss
and other Comprehensive Income
30 June 30 June
2021 2020
Shs'000 Shs'000
Sales 888,949 889,909
======= =======
Profit before fair value gain
in non-current biological assets
and income tax 256,094 186,022
Fair value gain in non-current
biological assets 20,569 18,095
Profit before income tax 276,663 204,117
Income tax (expense)/credit (82,025) 68,670
------- -------
Profit for the period 194,638 272,787
Other Comprehensive Income:
Items that are not reclassified
to profit or loss:
Remeasurement of post-employment - -
benefit obligations (net of tax)
Total comprehensive income 194,638 272,787
======= =======
Shs Shs
Earnings per share (Shs):
Basic and diluted earnings per
ordinary share 9.93 13.92
Condensed Consolidated Statement of Cash flows
30 June 30 June
2021 2020
Shs'000 Shs'000
Cash and cash equivalents at
the beginning of the period 1,670,124 1,696,130
--------- ---------
Net cash used in operating activities (17,917) (226,022)
Net cash used in investing activities (82,021) (195,489)
Net cash used in financing activities (352,803) (274,413)
Effect of exchange rate differences
on cash and cash equivalents (19,072) 12,856
--------- ---------
Decrease in cash and cash equivalents (471,813) (683,068)
Cash and cash equivalents at
the end of the period 1,198,311 1,013,062
========= =========
Condensed Consolidated Statement of Financial Position
Audited
30 June 30 June 31 December
2021 2020 2020
Shs'000 Shs'000 Shs'000
EQUITY
Share capital 98,000 98,000 98,000
Other reserves 31,953 31,463 31,953
Retained earnings 5,278,334 5,087,249 5,083,696
Proposed dividends - - 352,800
---------- --------- -----------
Total equity 5,408,287 5,216,712 5,566,449
Non-current
liabilities 1,082,661 914,503 1,080,470
---------- --------- -----------
6,490,948 6,131,215 6,646,919
========== ========= ===========
REPRESENTED
BY
Non-current
assets 3,919,268 3,920,666 3,990,042
Cash and cash
balances 1,198,311 1,013,062 1,670,124
Other current
assets 1,798,417 1,568,992 1,246,650
Current liabilities (425,048) (371,505) (259,897)
---------- --------- -----------
Net current
assets 2,571,680 2,210,549 2,656,877
---------- --------- -----------
6,490,948 6,131,215 6,646,919
========== ========= ===========
Condensed Consolidated Statement
of Changes in Equity
Share Other Retained Proposed Total
capital reserves earnings dividends Equity
Shs'000 Shs'000 Shs'000 Shs'000 Shs'000
At start of
the period 98,000 31,953 5,083,696 352,800 5,566,449
Profit for the
period - - 194,638 - 194,638
Dividends paid - - - (352,800) (352,800)
At end of period 98,000 31,953 5,278,334 - 5,408,287
RESULTS:
The profit before tax for the half-year period ending June 2021
was KSh 276.7 million compared to KSh 204.1 million posted within
the same period last year.
The harvesting of our flagship products, avocado and macadamia,
began in earnest in June. The preliminary production data available
at this stage indicates that the avocado crop output to market is
significantly lower than 2020, whilst the macadamia crop is in line
with earlier projections.
We anticipate that the COVID-19 Pandemic will continue to
disrupt the potential of our markets to absorb our produce to a
certain degree for the rest of this year. This is due to the market
slowdown associated with lockdown and related restrictions. At this
stage, it is too early to predict the full impact of these
developments on the Company's full year performance, but we
continue to actively monitor
The Directors do not recommend the payment of an interim
dividend.
BY ORDER OF THE BOARD
NICHOLAS NG'ANG'A
CHAIRMAN
17 AUGUST 2021
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END
IR BDGDIIGBDGBR
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August 18, 2021 02:00 ET (06:00 GMT)
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