Kenya Power sinks into Sh1.1 billion half-year loss

Kenya Power workers carry out repair works along Haile Selassie Road, Mombasa. FILE PHOTO | KEVIN ODIT | NMG

Kenya Power has sunk into Sh1.1 billion net loss for the half year ended December, blamed on the weak shilling and the 15 percent electricity tariff cut that was effected in January last year as a State directive.

Financial results announced Monday showed the performance dipped from Sh3.82 billion net profit that had been posted in the preceding similar period.

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