Ports authority hands over Sh18.7 billion to Treasury
SEE ALSO :Brave KPA cage Equity Bank HawksKPA also handed in a cheque of Sh6 billion corporate tax to the Kenya Revenue Authority. “The surplus cash can be attributed to prudent financial management and savings. We will endeavour to support the State in meeting its obligation to the people of Kenya while at the same time ensure world class port services,” said the KPA boss. KPA profits have been on an upward trajectory with figures released indicating that they hit Sh17.5 billion in the first nine months of 2018/2019 compared to Sh10.6 billion in 2017/2018. Cargo throughput at the Port of Mombasa has also maintained stable growth while the transshipment trade recorded an average of 137 per cent growth. Transshipment traffic grew from 791,257 tonnes between January and September last year to 1,873,772 tonnes in the corresponding period this year.
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