Investments drive up KPA profit by Sh3 billion after years of stagnation

mombasa port

Business Daily | by Anthony Kitimo

The Kenya Ports Authority’s profit increased by more than Sh3 billion to Sh13,886 billion in 2019 with total capital and reserves almost doubling in the past one year.

The increase in profit was a significant achievement taking into account the fact that the corporation’s revenue growth has been flat since 2016.

According to KPA Financial Performance Report for the year ended 2019, KPA recorded increased total revenue from Sh45.358 billion in 2018 fiscal year to Sh53.258 billion last year…

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