Home Business Kenya Power in whopping 91pc profit plunge

Kenya Power in whopping 91pc profit plunge

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Nation | by Paul Wafula

Kenya Power has reported a 91 per cent plunge in profits after tax for the year ended June 30, 2019.

The utility service provider said its profits after tax dropped to Sh262 million from Sh3.2 billion. The results were delayed due to the absence a substantive auditor general.

It released its financial statements to the Nairobi Securities Exchange (NSE) on Monday, almost one year late…

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