Kenya Power profit up 53pc on higher tariffs

Kenya: Kenya Power posted a 53 per cent rise in first-half profit helped by higher sales and tariffs, and said it would focus on increasing new customers to sustain its earnings.

The company which owns and operates most of the electricity transmission and distribution system in the country said its pretax profit rose to Sh6.4 billion from Sh4.2 billion for the six months to the end of December. Revenue increased by 40 per cent to Sh37.6 billion from Sh26.9 billion recorded in the previous review period.