Oil marketer KenolKobil #ticker:KENO has spent Sh320 million on settling several long-standing legal cases, revealing the financial toll that litigation can have on a company’s bottom-line.
Kenol, in its financial results for the six months to June, disclosed that administrative and operation costs increased 41 per cent to Sh1.4 billion due to “settlement of various old legal disputes and inflationary pressure.”
