Sh479 million profit drop dims Kenya Power earnings

Kenya Power is staring at a drop in net earnings of at least 25 per cent or Sh479 million for the financial year ended June 30, 2019.

This marks the third consecutive year the firm is posting declining profits. In the last financial year, the power distributor reported a net profit of Sh1.9 billion, which was a 64 per cent drop compared to the previous year.