Kenyan Wall Street | by Miriam Wangui
Total Kenya’s net profit for the year 2020 rose by 30% to Sh3.3 billion from Sh2.5 billion in 2019, despite a turbulent year. The company’s revenue from the sale of petroleum and gas products dipped 32% to Sh97.4 billion from Sh144 billion a year earlier, as Covid-19 restrictions resulted in lower sales of the products.
Nonetheless, Total’s investments in shops, and food and services paid off as its ‘other income’ rose by 27% to Sh1.9 billion from Sh1.5 billion in 2019…
