KenolKobil has started writing off a multi-million shilling debt owed by Kenya Petroleum Refineries Ltd (KPRL) even as the oil marketer posted a record Sh1.2 billion half-year net profit.
The Nairobi Securities Exchange-listed firm has booked an impairment of Sh400 million relating to a longstanding dispute with the defunct refinery due to inefficiencies at the facility.
