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KenGen ups profit to Sh9b despite 8pc revenue drop

An engineer with KenGen near a geothermal well in Olkaria Naivasha which is home to over 5,000mw of geothermal power |Photo: Antony Gitonga

KenGen has gained from investing the proceeds of a rights issue concluded in March to post a Sh9.1 billion profit for the year to June 2017.

The power generator said the 34 per cent profit growth over the Sh6.7 billion made last year was despite an eight per cent drop to Sh35.4 billion compared to Sh38.6 billion in 2016.

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