Kakuzi H1 2024 profit at Sh295.5m as revenue climbs to Sh1.5bn

NAIROBI, Kenya Aug 20 - Nairobi Securities Exchange (NSE) listed agribusiness firm Kakuzi Plc has posted a Sh295.5 million net profit in its half-year Kenya breaking news | Kenya news today |..
✨ Key Highlights
Kakuzi Plc, a Nairobi Securities Exchange (NSE)-listed agribusiness firm, reported a Sh295.5 million net profit in its half-year 2024 trading results, with total revenue climbing to Sh1.51 billion.
- Total revenue for Kakuzi increased to Sh1.51 billion in the first half of 2024, up from Sh1.17 billion in the same period last year.
- Managing Director Chris Flowers attributed the performance to strategic operating strategies amid a challenging environment, noting that avocado profits decreased to Sh395 million from Sh951 million in 2024 due to lower crop valuation, while macadamia profits surged to Sh319 million from Sh32 million.
- The firm also successfully made its blueberry venture profitable, recording a Sh13 million half-year profit, reversing a Sh17 million loss from the prior year.
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