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KenGen profit falls 94pc on high taxes

Monday, November 01, 2021 - 2 min read

KenGen MD Rebecca Miano. FILE PHOTO | NMG

Business Editor

Nation Media Group

KenGen’s #ticker:KEGN net profit dropped 93.5 percent in the year ended June on what the power producer blamed on higher taxation.

The company reported net earnings of Sh1.2 billion in the review period, down from Sh18.4 billion a year earlier.

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

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