Wazua
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Kenya Power HY 2019
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Fyatu wrote:Ericsson wrote:
Loss before tax of kes.7 billion
Luwere Nyasaye amulinde.... https://mobile.twitter.c...5140407366123524/photo/2Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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Ericsson wrote:Fyatu wrote:[quote=Ericsson]
Loss before tax of kes.7 billion Luwere Nyasaye amulinde.... https://mobile.twitter.c...140407366123524/photo/2[/quote] Fossil "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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Ericsson wrote:Kenya Power HY2020/2021 https://pbs.twimg.com/me...rmat=jpg&name=small
Electricity sales grew by 0.7% from 4167GWh in a similar period in 2019 to 4196GWh. Fuel costs decreased from kshs.7.153bn to ksh.4.618bn attributed to less thermal generation. Finance costs increased to ksh.8.057bn from ksh.3.835bn due to depreciation of the kenya shilling against major trading currencies leading to an unrealised foreign exchange loss. The company has risen into a POSITIVE cash flow position of Kshs. 1.7 billion from NEGATIVE Kshs. 6 billion. Profit before tax of ksh.332million and profit after tax of ksh.138mn We had expected a huge loss.looks like Gok gave a silent bailout amount to stop the slide. Towards the goal of financial freedom
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Ebenyo wrote:Ericsson wrote:Kenya Power HY2020/2021 https://pbs.twimg.com/me...rmat=jpg&name=small
Electricity sales grew by 0.7% from 4167GWh in a similar period in 2019 to 4196GWh. Fuel costs decreased from kshs.7.153bn to ksh.4.618bn attributed to less thermal generation. Finance costs increased to ksh.8.057bn from ksh.3.835bn due to depreciation of the kenya shilling against major trading currencies leading to an unrealised foreign exchange loss. The company has risen into a POSITIVE cash flow position of Kshs. 1.7 billion from NEGATIVE Kshs. 6 billion. Profit before tax of ksh.332million and profit after tax of ksh.138mn We had expected a huge loss.looks like Gok gave a silent bailout amount to stop the slide. The huge loss was in the FY2019/2020 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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Ericsson wrote:Ebenyo wrote:Ericsson wrote:Kenya Power HY2020/2021 https://pbs.twimg.com/me...rmat=jpg&name=small
Electricity sales grew by 0.7% from 4167GWh in a similar period in 2019 to 4196GWh. Fuel costs decreased from kshs.7.153bn to ksh.4.618bn attributed to less thermal generation. Finance costs increased to ksh.8.057bn from ksh.3.835bn due to depreciation of the kenya shilling against major trading currencies leading to an unrealised foreign exchange loss. The company has risen into a POSITIVE cash flow position of Kshs. 1.7 billion from NEGATIVE Kshs. 6 billion. Profit before tax of ksh.332million and profit after tax of ksh.138mn We had expected a huge loss.looks like Gok gave a silent bailout amount to stop the slide. The huge loss was in the FY2019/2020 That's why they didn't want to release the results Towards the goal of financial freedom
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Rank: New-farer Joined: 8/1/2018 Posts: 60 Location: Nairobi
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Ebenyo wrote:Ericsson wrote:Kenya Power HY2020/2021 https://pbs.twimg.com/me...rmat=jpg&name=small
Electricity sales grew by 0.7% from 4167GWh in a similar period in 2019 to 4196GWh. Fuel costs decreased from kshs.7.153bn to ksh.4.618bn attributed to less thermal generation. Finance costs increased to ksh.8.057bn from ksh.3.835bn due to depreciation of the kenya shilling against major trading currencies leading to an unrealised foreign exchange loss. The company has risen into a POSITIVE cash flow position of Kshs. 1.7 billion from NEGATIVE Kshs. 6 billion. Profit before tax of ksh.332million and profit after tax of ksh.138mn We had expected a huge loss.looks like Gok gave a silent bailout amount to stop the slide. New management seems to be steadying the ship. Hopefully reduced losses for FY 21 or even a small profit.
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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City Hall in Sh1.07bn debt swap talks with NSSF, Kenya Power https://www.businessdail...ssf-kenya-power-3314892
CCN wants KPLC to pay horrendous way leave charges. And refuses to pay KPLC for electricity it has consumed.  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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Kenya Power ordered to pay electrocuted boy Sh15.7m https://www.businessdail...uted-boy-sh15-7m-3316154Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 12/24/2008 Posts: 112
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[quote=VituVingiSana]Kenya Power ordered to pay electrocuted boy Sh15.7m https://www.businessdail...ted-boy-sh15-7m-3316154[/quote] Who are KPLC's insurers? Kenya-Re will have to pay part of this bill!
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Insurance company is not involved in this. The injury was due to negligence by Kenya power and they will pay using their own resources. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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