Corporate News
Kenol faces closure over refinery row
Kenya Petroleum Refineries stopped processing crude for Kenol-Kobil on July 13th over a Sh456 million debt. Photo/FILE
By Zeddy Sambu
(email the author)
Posted Friday, August 20 2010 at 00:00
Posted Friday, August 20 2010 at 00:00
Kenol’s share of the market share has dropped to 18.7 per cent in June from 23.6 per cent last year
The group posted profit of Sh1.1 billion in the six months to June compared to a loss of Sh431 in the same period last year helped by higher fuel prices.
Its turnover stood at Sh60.3 billion for the first half, compared to Sh43 billion in a similar half last year.
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