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Kenya Power FY 2016 profit declines slightly
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wukan
#1 Posted : Sunday, October 30, 2016 7:17:33 PM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,652
From twitter world-kenyanwallstreet

Quote:
Kenya Power & Lightening company has reported a slight drop in full year net profit to Sh 12.1 Billion compared to Sh 12.3 Billion posted in the previous year.

During the period total revenue was up by 1.5% to Sh 108.4 Billion with electricity sales growing by 12% from Sh 77.8 Billion to Sh 87.1 Billion. In 2016, a record 7.4 billion units were sold compared to 7.13 billion units sold last year.
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Fyatu
#2 Posted : Sunday, October 30, 2016 7:31:39 PM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
wukan wrote:
From twitter world-kenyanwallstreet

Quote:
Kenya Power & Lightening company has reported a slight drop in full year net profit to Sh 12.1 Billion compared to Sh 12.3 Billion posted in the previous year.

During the period total revenue was up by 1.5% to Sh 108.4 Billion with electricity sales growing by 12% from Sh 77.8 Billion to Sh 87.1 Billion. In 2016, a record 7.4 billion units were sold compared to 7.13 billion units sold last year.



Hii nayo ni gani??d'oh!
Dumb money becomes dumb only when it listens to smart money
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watesh
#3 Posted : Sunday, October 30, 2016 8:03:23 PM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
wukan wrote:
From twitter world-kenyanwallstreet

Quote:
Kenya Power & Lightening company has reported a slight drop in full year net profit to Sh 12.1 Billion compared to Sh 12.3 Billion posted in the previous year.

During the period total revenue was up by 1.5% to Sh 108.4 Billion with electricity sales growing by 12% from Sh 77.8 Billion to Sh 87.1 Billion. In 2016, a record 7.4 billion units were sold compared to 7.13 billion units sold last year.

Any word on the dividend?
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mkate_nusu
#4 Posted : Sunday, October 30, 2016 8:15:41 PM
Rank: Member

Joined: 5/30/2016
Posts: 332
Location: Kayole
watesh wrote:
wukan wrote:
From twitter world-kenyanwallstreet

Quote:
Kenya Power & Lightening company has reported a slight drop in full year net profit to Sh 12.1 Billion compared to Sh 12.3 Billion posted in the previous year.

During the period total revenue was up by 1.5% to Sh 108.4 Billion with electricity sales growing by 12% from Sh 77.8 Billion to Sh 87.1 Billion. In 2016, a record 7.4 billion units were sold compared to 7.13 billion units sold last year.

Any word on the dividend?


same as last year 30 cents dividend. At least they did not hijack us Kengen style
KEGN, KPLC, KQ, SCOM
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Angelica _ann
#5 Posted : Sunday, October 30, 2016 9:44:54 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
mkate_nusu wrote:
watesh wrote:
wukan wrote:
From twitter world-kenyanwallstreet

Quote:
Kenya Power & Lightening company has reported a slight drop in full year net profit to Sh 12.1 Billion compared to Sh 12.3 Billion posted in the previous year.

During the period total revenue was up by 1.5% to Sh 108.4 Billion with electricity sales growing by 12% from Sh 77.8 Billion to Sh 87.1 Billion. In 2016, a record 7.4 billion units were sold compared to 7.13 billion units sold last year.

Any word on the dividend?


same as last year 30 cents dividend. At least they did not hijack us Kengen style

In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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watesh
#6 Posted : Sunday, October 30, 2016 10:08:53 PM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
mkate_nusu wrote:
watesh wrote:
wukan wrote:
From twitter world-kenyanwallstreet

Quote:
Kenya Power & Lightening company has reported a slight drop in full year net profit to Sh 12.1 Billion compared to Sh 12.3 Billion posted in the previous year.

During the period total revenue was up by 1.5% to Sh 108.4 Billion with electricity sales growing by 12% from Sh 77.8 Billion to Sh 87.1 Billion. In 2016, a record 7.4 billion units were sold compared to 7.13 billion units sold last year.

Any word on the dividend?


same as last year 30 cents dividend. At least they did not hijack us Kengen style

Our usual amount of a total of 50 cents, retaining more than 85% of the profits. 5.6% yield is still a good amount.
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Ericsson
#7 Posted : Monday, October 31, 2016 12:35:15 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Kenya power profit before tax @sh. 12.083bn compared to 12.254bn in 2015.
Profit after tax @7.556bn compared to 7.432bn in 2015.
Dividend per share maintained @50 cents.
Loans @181bn in 2016 compared to sh. 167.463bn in 2015
Net working capital is - 763mn compared to sh. 20.463bn in 2015
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#8 Posted : Monday, October 31, 2016 12:38:28 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Sh. 181bn is long term loans
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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muganda
#9 Posted : Monday, October 31, 2016 11:49:27 AM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
Ericsson wrote:
Sh. 181bn is long term loans




Full results link: https://view.publitas.co...d-30th-june-2016/page/1

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mkate_nusu
#10 Posted : Monday, October 31, 2016 2:11:07 PM
Rank: Member

Joined: 5/30/2016
Posts: 332
Location: Kayole
watesh wrote:
mkate_nusu wrote:
watesh wrote:
wukan wrote:
From twitter world-kenyanwallstreet

Quote:
Kenya Power & Lightening company has reported a slight drop in full year net profit to Sh 12.1 Billion compared to Sh 12.3 Billion posted in the previous year.

During the period total revenue was up by 1.5% to Sh 108.4 Billion with electricity sales growing by 12% from Sh 77.8 Billion to Sh 87.1 Billion. In 2016, a record 7.4 billion units were sold compared to 7.13 billion units sold last year.

Any word on the dividend?


same as last year 30 cents dividend. At least they did not hijack us Kengen style

Our usual amount of a total of 50 cents, retaining more than 85% of the profits. 5.6% yield is still a good amount.


For those like myself buying aggressively at 8 bob and below a few weeks ago are already enjoying a yield and capital gain of 3.75% and 16.9% respectively
KEGN, KPLC, KQ, SCOM
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Pesa Nane
#11 Posted : Monday, October 31, 2016 9:58:34 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
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wukan
#12 Posted : Tuesday, November 01, 2016 11:14:41 AM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,652
electricity sales growth was only 3.6% in a economy growing at 5.9%. Who are we kidding?
2013 sales grew 9.8%
2014 sales grew 5%
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Angelica _ann
#13 Posted : Tuesday, November 01, 2016 11:32:52 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
wukan wrote:
electricity sales growth was only 3.6% in a economy growing at 5.9%. Who are we kidding?
2013 sales grew 9.8%
2014 sales grew 5%


I use KNBS data regularly and you can see they massage them month on month but if you point that out, you are anti-JP. Anyway time will tell smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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instinct
#14 Posted : Tuesday, November 01, 2016 12:45:45 PM
Rank: Member

Joined: 8/17/2007
Posts: 294
Angelica _ann wrote:
wukan wrote:
electricity sales growth was only 3.6% in a economy growing at 5.9%. Who are we kidding?
2013 sales grew 9.8%
2014 sales grew 5%


I use KNBS data regularly and you can see they massage them month on month but if you point that out, you are anti-JP. Anyway time will tell smile


do you believe growth in sales was higher or lower?
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VituVingiSana
#15 Posted : Tuesday, November 01, 2016 1:34:01 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,342
Location: Nairobi
wukan wrote:
electricity sales growth was only 3.6% in a economy growing at 5.9%. Who are we kidding?
2013 sales grew 9.8%
2014 sales grew 5%
An interesting observation. Question: Is the +3.6% in KES or in units?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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