KenGen ups dividend payout as profit jumps threefold to Sh11.5bn

Kenya Electricity Generating Company (KenGen) has raised its dividend payout by 62.5 per cent after recording a threefold jump in net profit in the year ended June, powered by increased sales and a tax credit.

The Nairobi Securities Exchange (NSE)-listed firm’s net profit increased to Sh11.5 billion, up from Sh2.8 billion a year earlier — marking a 307.5 per cent jump and hitting one of the highest earnings in corporate Kenya this year.