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Kakuzi FY15 PAT up 230%
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Quote:OVERVIEW:
The above is an extract from the financial statements which have been prepared in accordance with the International Financial Reporting Standards (IFRS) and audited by PricewaterhouseCoopers, Certified Public Accountants of Kenya, and on which an unqualified opinion has been issued.
The improved profit is considered satisfactory and was driven to some extent by the weather conditions as well as favourable
market demand for our main export products. Avocado was dominant in returns but tea and forestry made useful contribution to profits. The weakening Kenya Shilling also worked in our favour as well as the fact that we could take advantage of high
interest rates with our strong cash position.
DIVIDEND:
The Directors recommend the payment of a first and final dividend for the financial year 2015 of Shs 5.00 per stock unit (2014: Shs 3.75) subject to shareholders approval. The dividend shall be paid on or about 30 June 2016 to the shareholders on the members’ register at the close of business on Tuesday, 31 May 2016.
ANNUAL GENERAL MEETING:
The Annual General Meeting of the Company will be held on Tuesday 17 May 2016 at 12.00 Noon at Nairobi Serena Hotel.
BY ORDER OF THE BOARD
K W Tarplee
Chairman
16 March 2016 Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 Pesa Nane plans to be shilingi when he grows up.
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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1.45bn in cash. 874mn in Operating Cashflow. And a good 2016 expected. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Wao!  Why am I seeing these results in August "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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Pesa Nane wrote:Quote:OVERVIEW:
The above is an extract from the financial statements which have been prepared in accordance with the International Financial Reporting Standards (IFRS) and audited by PricewaterhouseCoopers, Certified Public Accountants of Kenya, and on which an unqualified opinion has been issued.
The improved profit is considered satisfactory and was driven to some extent by the weather conditions as well as favourable
market demand for our main export products. Avocado was dominant in returns but tea and forestry made useful contribution to profits. The weakening Kenya Shilling also worked in our favour as well as the fact that we could take advantage of high
interest rates with our strong cash position.
DIVIDEND:
The Directors recommend the payment of a first and final dividend for the financial year 2015 of Shs 5.00 per stock unit (2014: Shs 3.75) subject to shareholders approval. The dividend shall be paid on or about 30 June 2016 to the shareholders on the members’ register at the close of business on Tuesday, 31 May 2016.
ANNUAL GENERAL MEETING:
The Annual General Meeting of the Company will be held on Tuesday 17 May 2016 at 12.00 Noon at Nairobi Serena Hotel.
BY ORDER OF THE BOARD
K W Tarplee
Chairman
16 March 2016 Dividend yield 1.6%. Why not add 20k and get a treasury bond that will yield 13%? Towards the goal of financial freedom
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Ebenyo wrote:Pesa Nane wrote:Quote:OVERVIEW:
The above is an extract from the financial statements which have been prepared in accordance with the International Financial Reporting Standards (IFRS) and audited by PricewaterhouseCoopers, Certified Public Accountants of Kenya, and on which an unqualified opinion has been issued.
The improved profit is considered satisfactory and was driven to some extent by the weather conditions as well as favourable
market demand for our main export products. Avocado was dominant in returns but tea and forestry made useful contribution to profits. The weakening Kenya Shilling also worked in our favour as well as the fact that we could take advantage of high
interest rates with our strong cash position.
DIVIDEND:
The Directors recommend the payment of a first and final dividend for the financial year 2015 of Shs 5.00 per stock unit (2014: Shs 3.75) subject to shareholders approval. The dividend shall be paid on or about 30 June 2016 to the shareholders on the members’ register at the close of business on Tuesday, 31 May 2016.
ANNUAL GENERAL MEETING:
The Annual General Meeting of the Company will be held on Tuesday 17 May 2016 at 12.00 Noon at Nairobi Serena Hotel.
BY ORDER OF THE BOARD
K W Tarplee
Chairman
16 March 2016 Dividend yield 1.6%. Why not add 20k and get a treasury bond that will yield 13%? Don't use the Div Yield but the Earnings Yield for firms that have growth prospects... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Kakuzi FY15 PAT up 230%
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