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Tea lifts Kazuki profit

This article was originally published in The Public Ledger

KENYAN agricultural producer Kakuzi's pre-tax profit more than tripled in the first half of 2010 to Ksh194.5m ($2.41m) due to an improved performance in its tea operations and reduced financial costs. Earnings per share surged 1,523% to Ksh4.22 but Kakuzi said its directors did not recommend paying an interim dividend, partly due to tea prices falling on last year's levels and the need to maintain a positive cash balance.


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