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KQ fails to pay dividend for first time in 14 years
Kenya Airways chief executive officer Titus Naikuni (right) and group finance director Alex Mbugua at the investors’ briefing during the release of the company’s performance results for the financial year ended March 31, 2013. Photo/Salaton Njau
Kenya Airways shareholders will not receive a dividend for the first time in 14 years after the carrier reported the biggest loss in the history of companies listed at the Nairobi Securities Exchange (NSE).
The national carrier, which is owned 29.8 per cent by the government, posted a loss of Sh7.86 billion in the year to March compared to a profit of Sh1.66 billion last year , which was still a 57 per cent drop from the 2011 numbers.
