Kakuzi Plc has reported a staggering 97.6 per cent drop in net profit for the first half of the year, attributing the significant decline to geopolitical instability and market downturns.

• Net profit fell to Sh7.11 million for the six months to June, down from Sh295.44 million in the same period last year.
• The producer of avocados, macadamia, and blueberries cited disruptions to key export routes due to the Middle East war and softening demand in European markets.
• Kakuzi has issued a profit warning for the full year, anticipating a decline of at least 25 per cent in net earnings due to these ongoing challenges.