Kenya Power shareholders to miss dividends as profit hits 10-year low

A Kenya Power worker. FILE PHOTO | TOM OTIENO | NMG

Kenya Power #ticker:KPLC has returned the worst performance in a decade as profits fell 63.7 per cent to Sh1.92 billion, denying investors any dividend amid another poor run on the Nairobi bourse.

The firm blamed the performance for the financial year ended June 2018 on higher power purchase and finance costs as well as the increased level of debt provisioning due to delayed payments.

PAYE Tax Calculator

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