KenGen fails to issue profit alert as earnings dip 93pc

KenGen MD Rebecca Miano. FILE PHOTO | NMG

KenGen #ticker:KEGN failed to warn investors that its net income will drop by at least 25 percent in the year ended June, marking another breach of compliance requirements among Nairobi Securities Exchange-listed firms.

The power producer published its results for the period on Sunday, showing that its net profit declined 93.5 percent to Sh1.1 billion from Sh18.3 billion.

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Note: The results are not exact but very close to the actual.