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Kenya Power profit weighed down by bad debt provision, rising costs

Kenya Power

Kenya Power’s half-year profit has dropped by 16 per cent, weighed down by high provision for bad debts, rising cost of electricity distribution and repayment of loans.

The firm reported Sh2.46 billion in pre-tax profit for the six months ending December 2018, against Sh2.93 billion made over a similar period in 2017 - despite its revenues from the sale of electricity going up by more than 21 per cent.

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