Kenya power records a net profit of 7.3B

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KPLC workers conducting a routine check. ./COURTESY
Nairobi,KENYA:Kenya power company has recorded a net profit of 7.3B for 2016/17 financial year that is an increase of 21.8% from 7.2B in the year 2015/16.
Speaking during the release of the financial report on Tuesday in Nairobi, Kenya power managing director Ken Tarus said that the high returns is due to the focus that the company has put into meeting customer’s demands that resulted to an increase of consumers from 4.8M to 6.1M.
“We have been to the grassroots of the customer needs and worked on them instantly which is a bold step” said Tarus
According to the report, electricity sales grew by 4.5% and the demand by 4.4% while revenue increased by 6% from 87M to 92M.
However the company has blamed political uncertainty in the country for low consumption of electricity.

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