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Kenya Power posts Sh30b net profit in year ended June

Kenya Power CEO Joseph Siror during the announcement of Kenya power financial results and investor briefing. [David Gichuru, Standard]

Kenya Power has bounced back to profitability, recording a Sh30.8 billion profit after tax in the year ended June 2024, from a loss of Sh3.2 billion in the same period last year.

The profit is largely due to strengthening of the Kenyan shilling, which now trades at Sh129 against the USD.

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