Kenya Power has recorded a Sh12 billion profit before tax for the year ended June 30. Chumo said the profit led to an 11.9 per cent increase in sales revenue, from Sh77.8 billion the previous year to Sh88 billion. The power purchasing cost, excluding fuel costs and foreign exchange, increased by Sh6.9 billion to Sh51.4 billion. This was due to higher power purchase costs from additional capacity and growth in distribution costs. More on this:Kenya Power profit drops, cites higher supply costs

Source: The Star October 31, 2016 14:55 UTC