Kenya Power has reported a Sh9.9 billion net profit for the six-month period to December 2024, as the utility firm continued on a strong run in profitability since bouncing back last year.

This is compared to the Sh319 million profit after tax reported in a similar period last year.

This year’s 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 five per cent from 5,225 GWh to 5,506 GWh. 

“The increase in electricity unit sales was driven by higher consumption as a result of improved network reliability, connection of new customers and improved outage resolution timelines supported by the availability of critical materials including meters and transformers,”  Kenya Power said in its financial statement. 

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