Horton wrote:Ericsson wrote:https://pbs.twimg.com/media/Dz8DXM8XcAE0Qsn.jpg:large
Net cash generated from operating activities increased from ksh.1.337bn to ksh.24.568bn
Hmmm wonder what happened there?
Kenya power repaid the debt it owed kengen.
"Kenya Power has cleared 85 per cent of all debt it owes the Kenya Electricity Generating (KenGen) Company.
According to KenGen, Kenya Power cleared the arrears which amounts to Ksh.18.57 billion, between July and October 2018.
“We are glad to report that, though trade receivables from Kenya Power stood at Sh21.88 billion as at 30 June 2018, at the time of releasing the results (post balance sheet), Sh18.57 billion had been received,” KenGen Managing Director Rebecca Miano said in at a briefing on Friday."
Link;http://news.callapr.co.ke/kenya-power-clears-85-per-cent-of-debt-owed-to-kengen/
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle