×
× Digital News Videos Kenya @ 50 Health & Science Lifestyle Opinion Education Columnists Ureport Arts & Culture Moi Cabinets Fact Check The Standard Insider Podcasts E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified Games Crosswords Sudoku The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS
Login ×

Kenya Power profit drops to Sh1.9billion, declares no dividend

By Standard Reporter | November 23rd 2018 at 10:30:44 GMT +0300

NAIROBI, KENYA: Utility firm Kenya Power has recorded Sh1.9 billion net-profit compared to Sh5.3 billion declared in 2017 full year results.

The company did not declare any dividend to the shareholders and attributed the drop in profit to an increase in transmission and distribution costs.

During the year under review, the profit before tax decreased by 60 percent to Sh3billion from Sh7.7billion in the previous year.

Kenya’s sole power distributor said total revenue rose to Sh125.85 billion from Sh120.74 billion in the year ended June, helped by a 2 percent growth in electricity sales of Sh95.46 billion.

Read More

Transmission and distribution costs rose 14 percent to Sh39.63 billion, the power company said.


Kenya Power Ben Chumo Charles Keter
Share this story

More stories


Take a Break

Feedback