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KENGEN 1H Results - profit jumps 33% market share to 59%

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Insurgent		#1 Posted : Tuesday, February 28, 2012 9:00:03 AM
Rank: User Joined: 8/6/2010 Posts: 594		KenGen raises market share of power sales to 59pc http://www.businessdaily...02/-/liics6/-/index.html "One man gives freely, yet gains even more; another withholds unduly, but comes to poverty. A generous man will prosper; he who refreshes others will himself be refreshed." Rev Canon Karanja.
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Cde Monomotapa		#2 Posted : Tuesday, February 28, 2012 10:19:19 AM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		SMH
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FUNKY		#3 Posted : Tuesday, February 28, 2012 10:52:10 AM
Rank: Veteran Joined: 4/30/2010 Posts: 1,635		Lets wait for the half year results.
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cnn		#4 Posted : Tuesday, February 28, 2012 5:39:25 PM
Rank: Veteran Joined: 6/17/2009 Posts: 1,622		http://af.reuters.com/ar...ws/idAFJ8E7IR00O20120228
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muganda		#5 Posted : Tuesday, February 28, 2012 5:55:28 PM
Rank: Elder Joined: 9/15/2006 Posts: 3,906		@cnn is this what you meant to say with your link... Kenya's KenGen H1 pretax up 33 pct Kenya's main electricity producer KenGen said on Tuesday its first half profits rose 33 percent to 1.7 billion shillings ($20.56 million) driven by higher elecricity sales due to better rains and new power projects. Electricity revenue for the company, which relies on hydro powered for the lion's share of its power supply, rose by 13 percent to 7.1 billion shillings, it said in a statement.
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manix		#6 Posted : Tuesday, February 28, 2012 6:02:01 PM
Rank: Hello Joined: 2/28/2012 Posts: 1		guys I am so happy to get to this site which is so educative, op to interact frequently, since a member in mhasibu sacco, but i've not contributed due to lack of knowlegde
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cnn		#7 Posted : Tuesday, February 28, 2012 6:04:07 PM
Rank: Veteran Joined: 6/17/2009 Posts: 1,622		muganda wrote: @cnn is this what you meant to say with your link... Kenya's KenGen H1 pretax up 33 pct Kenya's main electricity producer KenGen said on Tuesday its first half profits rose 33 percent to 1.7 billion shillings ($20.56 million) driven by higher elecricity sales due to better rains and new power projects. Electricity revenue for the company, which relies on hydro powered for the lion's share of its power supply, rose by 13 percent to 7.1 billion shillings, it said in a statement. I was actually sniffing around for Kenol's numbers when i stumbled on that link,thought it would interest a few wazuans.
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the deal		#8 Posted : Tuesday, February 28, 2012 7:15:22 PM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		I guess Power...Powerful...BUY BUY BUY...
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Cde Monomotapa		#9 Posted : Tuesday, February 28, 2012 7:23:24 PM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		the deal wrote: I guess Power...Powerful...BUY BUY BUY...
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hisah		#10 Posted : Tuesday, February 28, 2012 7:48:18 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		Do they still hold the yen loan. I've not had a look at their books so far. If the loan is still in yens, they should save quite a chunk as the yen weakens globally. I expect those savings to pop up in H2 and final results in July. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa		#11 Posted : Tuesday, February 28, 2012 7:54:39 PM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		hisah wrote: Do they still hold the yen loan. I've not had a look at their books so far. If the loan is still in yens, they should save quite a chunk as the yen weakens globally. I expect those savings to pop up in H2 and final results in July. The consumer will be equally happy. (Forex adjustments is a Pass Through expense)
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mlennyma		#12 Posted : Wednesday, February 29, 2012 8:24:57 AM
Rank: Elder Joined: 7/21/2010 Posts: 6,192 Location: nairobi		The company recorded 1.7b profit and sees a stable 2nd half and is also venturing geothermal bigtime. "Don't let the fear of losing be greater than the excitement of winning."
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