Listed agricultural company Kakuzi Plc has posted a Sh845.8 million net profit for the financial year ended December 2022, representing a 62 per cent growth.
The avocado and macadamia grower and exporter attained a historical record growth against its pretax profit, which closed at Sh1.22 billion, a 159 per cent increase, up from the Sh 472 million posted the previous year.
Managing director Chris Flowers attributed the growth to increased production of export-grade avocado, as well as other products experiencing reasonable sales.
The earnings, underpinned by total sales revenue amounting to Sh4.4 billion, up from Sh3.2 billion posted the previous year, which Flowers said were also boosted by additional sales for forestry, livestock, and blueberry produce in the local market.
Kakuzi shareholders will enjoy an eight per cent per share dividend paid at Sh24 rate as recommended by the board, up from the Sh22 payout the previous year.
The enhanced dividends shall be paid on June 30 to shareholders on the members register as at the close of business on May 31, 2023.
