Electricity producer KenGen grew its profits after tax in the six months to December to Sh5.7 billion.
This was a 15 per cent increase from the Sh4.9 billion registered over a similar period the previous year, and was supported by increased power sales. The firm’s profits were, however, weighed down by high operating and finance costs.
Operating costs shot up to Sh8.7 billion, which was a 24 per cent increase over a similar period in 2014. Finance costs, which refer to the costs of servicing loans, also increased by about a quarter to Sh1.6 billion.
