Electricity generation firm Kengen #ticker:KEGN more than doubled its net profit to Sh18.3 billion in the year ended June 2020 compared to Sh7.8 billion a year earlier on lower corporate taxes introduced to curb the coronavirus pandemic.
The 133 percent jump in net profit, boosted by a Sh4.5 billion tax credit, will see the company reward shareholders with dividends of Sh0.3 per share or a total of Sh1.9 billion. This is up from a dividend of Sh0.25 per share paid for the prior year.
