Business & Economy3 stories
Kakuzi Reports KSh 295.5 Million Half-Year Profit Amid Avocado and Tea Pressure - August 2025
Kakuzi Plc reported a net profit of KSh 295.5 million for the half-year ended June 30, 2025, with total revenue climbing to Sh1.51 billion. Despite the 28.6% increase in revenue, the agribusiness firm's net profit dropped by 14.9%. The profit decline was primarily attributed to weaker avocado valuations and lower tea prices. The downturn was offset by strong performances and increased revenues from the company's macadamia and blueberry divisions. These divisions were the primary drivers of growth for the Nairobi Securities Exchange-listed firm during this period.