Strong shilling, sales push Kenya Power back into profit

Kenya Power has returned to profitability, posting a net profit of Sh30.08 billion...

✨ Key Highlights

Kenya Power has reported a net profit of Sh30.08 billion, marking a significant turnaround from a net loss of Sh3.19 billion in the previous year, driven by increased sales and a strong shilling.

Revenue from electricity sales increased by 21 percent to Sh231.12 billion.
Kenya Power will pay a dividend of Sh0.70 per ordinary share to shareholders for the first time since 2017.
The Kenyan shilling appreciated to 128.4 units to the dollar, significantly reducing finance costs to Sh682 million.

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