Ericsson wrote:https://www.businessdailyafrica.com/corporate/companies/Kenya-Power-cuts-staff-size-for-the-first-time-in-15-years/4003102-4943140-14mfce3/index.html
Kenya Power slashed its payroll by 302 employees in the financial year ended June 2018, marking the first time in 15 years that the company failed to grow its staff size.
An annual report of the power distributor whose net profit also sunk to a 10-year low shows that it closed the year with 10,993 workers, a 2.7 per cent decline in staff size from previous year’s headcount of 11,295.
This is why the price closed at a high of 4.26 on Friday.
Kplc is the second most traded counter so far.The market seems to be optimistic about it.
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