TotalEnergies profit jumps 14 percent on lower tax bill

TotalEnergies petrol station in Hurlingham, Nairobi. 

Photo credit: File | Nation Media Group

TotalEnergies Marketing Kenya Plc has posted a 14.09 per cent growth in net profit to Sh938.5 million in the half year ended June attributed to a reduced tax burden.

Its net profit rose from Sh822.6 million recorded a year earlier. TotalEnergies' net revenue rose 8.7 percent to Sh61.6 billion from Sh56.6 billion but cost of sales grew faster at 10.2 per cent to Sh56.9 billion from Sh51.6 billion.

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