It's a loss unless some loses like hedging are manipulated in the books to reflect a marginal profit......results not positive at all!!!!!....I hear the Commercial director was sacked jana!!!!

The chief value of money lies in the fact that one lives in a world in which it is overestimated.

the MD is to release the results this morning.....profitability is about 1 Billion

nse has already sent the info this morning.

'men will have to give account on the day of judgment for every careless word they have spoken' (Mat 12:36).
'set a guard over my mouth and keep watch over the door of my lips' (Ps 141:3).

VVS,

Remember the 1st half results had a PAT of about Kshs. 0.74B,the management promised better results for the 2nd half and no new hedges were entered into during the 2nd half........what exactly happenned coz the expected results would be PAT of more that Kshs. 1.5B!!!!

Note: 1st half operating profit was Kshs. 1.6B compared to Kshs. 3.4B for the previous year!!!

The chief value of money lies in the fact that one lives in a world in which it is overestimated.

Talking of the hedges,are we saying that if the price of crude oil had remained high and the hedges were financially ok then kq were going to make an automatic loss!!!!

The chief value of money lies in the fact that one lives in a world in which it is overestimated.