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Stable Shilling pushes Kenya Power profits to Kes 9.97bn…as firm declares a dividend of Sh0.20 per share in 9 years
By Steve UMIDHA
Kenya Power and Lighting Company (KPLC) has recorded a significant increase in net profit to Kes 9.9 billion in six months ending December 2024, up from Kes 319 million in a similar period in 2023.
“This growth in profitability is attributed to lower cost of sales and reduced finance costs owing to the stability of the Kenya shilling against major foreign currencies during the period under review, and an increase in electricity sales by 5% from 5,225 GWh to 5,506 GWh,” KPLC said in a statement.
The electricity distributor on Thursday declared a dividend of Sh0.20 per share – a first in 9 years.