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Sh700m payout to ex-KenolKobil boss dents profit

KenoKobil Chief Executive David Ohana speaks at the firm's investor briefing in Nairobi on Wednesday

KenolKobil has reported a flat growth in profit after setting aside more than Sh1.3 billion for one-off payments, including a hefty payout to its former chief executive.

The firm Wednesday reported a net profit of Sh2.46 billion in the year to December 2017, a slight improvement from Sh2.41 billion in 2016.

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