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Kakuzi PLC - Nairobi-based plantation operator - Says full-year net earnings may be at least 25% lower year-on-year from KSHS845.8 million, or £1.7 million, driven by loss in its Macadamia business due to a‘significant decline’ in demand and price in China, Japan and the US. However, Kakuzi says other crops are performing as expected and anticipates a strong performance from its Avocado business.
Current stock price: 92.50 pence
12-month change: unchanged
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