After all the drama, this is much better than I expected. Compare this to some firms that have not turned a profit for 6 years running.
Have the accounts been qualified?
What's the EPS?
How many shares does KPLC have?

Constantly staring at the rear view mirror while driving is not a proper way of going through an investment journey..Seeing an ex doing better in someone else's hands is always painful. Accept
and move on

NIL dividends down from 2017's 0.5 per share. Waiting for the market to open we see some massacre

You were expecting a dividend

https://pbs.twimg.com/me...qmUb7WoAAqs2d.jpg:large

Link to the results

The MD has confirmed that the Accounts were qualified . What they published today doesn't have Auditor's Opinions

Eng. Jared Othieno:
Provisions for bad debts in excess of 30 days increased substantially from 747M in 2017 to 6B in 2018 due to a more prudent approach in anticipation of the new financial standards that require higher credit provisioning for credit losses.
The future outlook of the Company is great and we assure all investors and shareholders that we have put in place proper measures to move us to greater heights. We thank you all!

As government, we cannot allow Kenya Power to fall Dr (Eng) Joseph Njoroge, Permanent Secretary, Ministry of Energy

The vital cashflow position (operating and investing) is positive and that is what is used to generate cashflow per share. The financing bit is an FYI appendage coz it isn't internally generated from the core activities of the firm but rather a debt book figure. For example if Kenya Power had taken on more debt than it had paid down in the period reported the net cash position from financing activities would have been a positive and will help fib the bottom line net cash position.

The worrying bit is the negative working capital. As much as they paid down long term debt to the tune of 23b they took on short term obligations and decimated its cash holdings (probably from penalties of nonpayment) while at it. This will cripple the firm if the same trend persists.

For the P&L, both the gross and operating margins are shrinking...and after the supposed fudging that's been talked about. As for the ROA, even working with the bottom line of 3b, for a firm with an asset book in excess of 336b that is a paltry 0.89%.

Company is in negative working capital,current liabilities having exceeded current liabilities by Sh51.67 billion or 48.5 per cent.