Kenya power and lighting company relocate powerlines to pave way for Nairobi expressway in westlands along waiyaki way , Nairobi on Friday, ‎September ‎25, ‎2020. [David Gichuru, Standard]Kenya Power’s profit after tax for the first six months trading period ended December 31, 2020 fell by 80 per cent, hurt by the coronavirus pandemic. The power distributor said yesterday its net profit fell to Sh138 million for six months from Sh692 million in the same period of 2019. “The pandemic had a primary impact on our sales and revenue collection as companies scaled down operations and customers were unable to meet their bill obligations on time due to suppressed incomes,” said Kenya Power Managing Director Bernard Ngugi. However, Kenya Power said the half-year numbers were an improvement from the previous full year ended June 2020 when it reported a loss before tax of Sh7 billion.

Source: Standard Digital February 25, 2021 21:22 UTC