Kenya Power net profit drops to Sh2.45 billionKenya Power has recorded a drop in half-year after tax profit from Sh2.9 billion in 2017 to Sh2.4 billion last year. The non-fuel power purchase costs increased by 18.8 percent to Sh32.6 billion while units purchased increased by 9 percent. Transmission and distribution costs increased to Sh21.7 billion from Sh15.8b for the period ended December 31 due to costs associated with expanded network. SEE ALSO :Deep in debt Kenya Power is at mercy of BanksThe directors do not recommend payment of interim dividend for the period. “In line with our strategy, we are transforming customer experience by improving operations at customer touch points,” he said.

Source: Standard Digital February 22, 2019 08:03 UTC