Kakuzi triples profit to Sh348 million on higher avocado, macadamia sales

KAKUZI

The entrance to the Kakuzi factory in Makuyu, Murang'a County.

Photo credit: File | Nation

Agricultural firm Kakuzi Plc nearly tripled its net profit to Sh347.5 million for the first half of the year, lifted by a buoyant avocado market and recovery in the macadamia business.

In the six months to June last year, Kakuzi recorded a profit after tax of Sh117.5 million in the same period in 2023, weighed down by losses in the sales of macadamia due to a global glut in the nut.

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