Kenya Power Minted 2.5 Billion Profit From You In The Last Half of 2018


Kenya Power Minted 2.5 Billion Profit From You In The Last Half of 2018

In their half year profits, Kenya Power reports that they made a profit of 2.5 Billion Kenya shillings. This is for the period ending 31 Dec 2018.

The Details:

In the same period, there was a 21.3% increase in sale of electricity (Rose from 46 B to 56 B). These are total sales. The main reason for this was the increase in the amount of electricity units sold.

Although the transmission and distribution budget increased over the period as the company added more customers to the grid, the revenue also increased.

According to the report, the costs increased by 23.5 % compared to those of December 31, 2017.

Kenya Power’s Ag. Managing Director and CEO Eng. Jared Otieno:

The Company continues to undertake initiatives to improve power supply, enhance reliability by having a robust distribution network.

The current focus is on customer satisfaction where in line with our corporate strategy, we are transforming customer experience by improving operations at customer touch points, simplifying processes for efficient service delivery and embedding positive organizational culture.

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