Kenya Power’s net profit for the six months ended December 2017 dropped by 30.3 per cent to Sh2.93 billion, as the high cost of financing debt took a toll amid lethargic power consumption growth in a slowing economy.
Financing costs rose by 42.7 per cent or Sh976 million to hit Sh3.3 billion in the period pulling down profits even as the total revenue grew by 14.8 per cent to Sh67.1 billion.
