Some of the imported containers at Mombasa port. KPA reported a 62 per cent drop in profit after tax for the year to June 2020. “The profits are lower mainly due to the decline in storage and remarshalling charges as a result of improved efficiency in cargo evacuation from the port,” said KPA in the annual report. “During the year, National Treasury directed the authority to remit Sh18 billion to the exchequer as special dividends,” KPA said. “At the close of the year, the authority had remitted Sh13.05 billion which decreased the bank interest earnings.”Share this story

Source: Standard Digital July 09, 2021 05:48 UTC