The company throughput revenue was, however, up 10 percent in the 2017/18 financial year to Sh27.7 billion with the average revenue per quarter ranging at about Sh7 billion. By EDWIN OKOTH More by this AuthorCovid-driven drop in fuel consumption has left Kenya Pipeline Company with at least Sh2.8 billion loss in revenues in the three months to June, breaking revenue climb tradition of the cash-rich State entity. Travel restrictions and the countrywide curfew dampened petroleum sales and reduced use of pipelines to ferry the commodity in what the firm says has hit its top line by 40 per cent. “The effect of Cocid-19 led to about 40 per cent reduction in revenue. AdvertisementThis puts a 40 per cent drop at about Sh2.8 billion with the figure expected to go above Sh10 billion for the entire year should the Covid-19 economic pressure persist.

Source: Daily Nation July 17, 2020 06:01 UTC