Kenya Power profit plunges 63.7pc to Sh1.9bn

What you need to know:

  • Increased power purchase and higher finance costs depressed its bottom-line.
  • Finance costs rose by Sh1.7 billion or 29.3 per cent to Sh7.8 billion
  • Its books show that it is in negative working capital, with current liabilities having exceeded current liabilities by Sh51.67 billion or 48.5 per cent.

Kenya Power has posted a 63.7 percent decline in net profit to Sh1.92 billion in the financial year ended June 2018 on higher costs.

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