KPC profit jumps to Sh7.5bn on higher sales

kpc

Kenya Pipeline Company (KPC) petroleum storage facility in the Industrial area, Nairobi. 

Photo credit: File | Nation Media Group

Kenya Pipeline Company (KPC) recorded a 22.9 percent jump in profit in the year ended June, helped by higher sales on the back of the weakening shilling against hard currencies.

Disclosures made to Parliament show that the State-owned firm posted a profit before tax of Sh7.5 billion in the review period compared to pre-tax earnings of Sh6.1 billion the year before.

PAYE Tax Calculator

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