Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
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  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

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Kakuzi Ld. (KAKU)

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Thursday 10 March, 2005

Kakuzi Ld.

Final Results

Kakuzi Ld
9 March 2005

                                 KAKUZI LIMITED


                                                 2004                2003
                                              Shs'000             Shs'000
Sales                                       1,424,503           1,435,388
                                             ========            ========
                Continuing                  1,393,129           1,249,509
                Discontinuing operations       31,374             185,879
Operating                                     131,578              78,500
                Continuing                    179,795             227,681
                Discontinuing operations     (48,217)           (149,181)
Finance costs                                (38,582)            (42,111)
Exceptional loss - impairment                       0            (56,059)
of assets
                                             ________            ________
Profit/(loss) before tax and after             92,996            (19,670)
exceptional item
                Continuing                    141,213             185,570
                Discontinuing operations     (48,217)           (205,240)
Income tax (expense)/credit                   (9,263)               7,875
                                             ________            ________
Profit/(loss) attributable to
the members of Kakuzi Limited                  83,733            (11,795)
                                             ========            ========

                                                  Shs                 Shs
Earnings/(loss) per stock unit - Basic and       4.27              (0.60)
                                             ========            ========

                                              Shs'000             Shs'000
Dividends: -
Proposed final dividend for the year           19,600                0.00
                                             ========            ========


The above results are extracted from financial statements audited by
PricewaterhouseCoopers, certified public accountants, and on which an
unqualified opinion has been given.

In 2003 the company adopted IAS 41 Agriculture which requires biological assets
to be measured at fair value less estimated point-of-sale costs.

On 7 January 2004 the company announced its coffee operations were to be
discontinued during 2004. Revenues and costs associated with Kakuzi's coffee
operations are reported as discontinuing operations. Costs of the coffee
division brought to account during 2004 amounted to Sh 48 million after
offsetting revenue from sales of coffee sticks and stumps. Additionally the
company received net income of Sh 25 million from the sale of coffee equipment,
vehicles and other coffee assets.


The Board will recommend to the stockholders the payment of a first and final
dividend in respect of the year ended 31 December 2004 of Ksh 1.00 per stock
unit (20%) subject to withholding tax where applicable. Subject to the
stockholders' approval, the dividend will be paid on 31 May 2005 to stockholders
on the register at close of business on 18 May 2005. The register will be closed
from 19 May 2005 at 4.30 pm to 21 May 2005 at 4.30 pm both days inclusive.


The Annual General Meeting of the company will be held on Thursday 19 May 2005
at 12.00 noon in the South Ballroom, Norfolk Hotel, Nairobi.


P O BOX 24, THIKA 01000
8 MARCH 2005

                      This information is provided by RNS
            The company news service from the London Stock Exchange                                                       

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