Refinery costs eat into KenolKobil's 2017 earnings

KenolKobil CEO David Ohana. file photo | nmg

Oil marketer KenolKobil’s #ticker:KENO net profit for the full year to December remained flat at Sh2.4 billion as one-off costs ate into the benefits that accrued from increased sales.

The listed firm, which released its financials Wednesday, says the non-recurring charges of Sh1.3 billion cut back gains from a Sh55.2 billion increase in revenue to Sh158.7 billion.

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