Kakuzi Ld Profit Warning Announcement (7697V)
December 06 2023 - 2:00AM
UK Regulatory
TIDMKAKU
RNS Number : 7697V
Kakuzi Ld
06 December 2023
PROFIT WARNING ANNOUNCEMENT FOR THE FINANCIAL YEAR ENDING 31(ST)
DECEMBER 2023
Kakuzi Plc ('The Group') makes this announcement pursuant to the
Capital Markets Authority
regulations for publicly listed companies.
The Group currently forecasts that net earnings for financial year
2023 may be at least 25%
lower than those of financial year 2022.
This anticipated drop in full year net earnings is mainly as a
result of our Macadamia business
which is expected to post a loss due to a significant decline in
demand and price in the global
markets of China, Japan and the USA.
However, our other crops are performing as per expectations with a
strong performance expected
from Avocado.
This profit warning announcement is based on the performance to
date with reference to information
currently available.
By order of the Board
N NG'ANG'A
Chairman
5(th) December 2023
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END
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