The latest announcement is out from Kakuzi Ltd ( (GB:KAKU) ).
Kakuzi Ltd reported a pre-tax loss of Ksh 167 million for the year ending December 2024, a significant decline from the previous year’s pre-tax profit of Ksh 664 million. The loss was attributed to adverse weather conditions affecting avocado production, currency fluctuations impacting income, and geopolitical tensions disrupting export routes. Consequently, the board recommended a reduced dividend of Shs 8 per share, down from Shs 24 per share in 2023, reflecting the challenging operating environment.
More about Kakuzi Ltd
Kakuzi Ltd operates in the agricultural industry, focusing primarily on the production and export of avocados and other horticultural products. The company is impacted by weather conditions, currency fluctuations, and geopolitical tensions, which affect its market performance.
Technical Sentiment Signal: Sell
Current Market Cap: £46.81M
For an in-depth examination of KAKU stock, go to TipRanks’ Stock Analysis page.