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Kakuzi cuts dividend on Sh132m net loss after avocado exports fall
Kakuzi Limited Managing Director Chris Flowers makes his remarks during the launch of ESG Report 20210 by Kakuzi Limited at the NSE on December 20, 2022.
Listed agriculture firm Kakuzi has slashed its dividend by two-thirds to Sh8 per share after falling to a net loss of Sh131.7 million in the year ended December 2024 from a net profit of Sh453.5 million in 2023.
The dividend, which will be paid out to shareholders appearing on the company’s books on May 31, represents the lowest payout since 2017 when Kakuzi distributed Sh7 a share.
