Strong shilling, sales push Kenya Power back into profit

Kenya power Managing Director and CEO Eng Joseph Siror during a past press briefing.

Photo credit: File | Nation Media Group

Kenya Power has returned to profitability, posting a net profit of Sh30.08 billion on the back of increased sales and a strong shilling that reduced its costs.

The company marked a turnaround from a net loss of Sh3.19 billion net loss for the year ended June 2023.

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