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Kenya Power's net profit improved to Sh319m in H1 2023 due to increased electricity sales and cost-reflective tariffs, with revenue rising 31% to Sh113.6bn.
Kenya Power's net profit improved to Sh319m in H1 2023, up from a loss of Sh1.1bn in H1 2022, driven by increased electricity sales and cost-reflective tariffs.
Revenue rose 31% to Sh113.6bn.
The company aims to maintain profitability by enhancing sales, revenue collection, and system efficiency.
CEO Dr. Joseph Siror is optimistic about the Kenyan shilling's performance against major currencies, which may help mitigate forex exposure.
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El beneficio neto de Kenya Power mejoró hasta los 319 millones de chelines en el primer semestre de 2023 debido al aumento de las ventas de electricidad y las tarifas que reflejan los costes, y los ingresos aumentaron un 31 % hasta los 113.600 millones de chelines.