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KENGEN 2021-2025
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VituVingiSana
#11 Posted : Monday, October 25, 2021 1:15:53 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Ericsson wrote:
Ericsson wrote:
Dividend ksh.0.35 when they will be releasing FY2020/21 results later this month

Thursday 21 October or Friday 22 October.
Liar Liar Liar
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Receptor
#12 Posted : Friday, October 29, 2021 10:50:53 AM
Rank: Member

Joined: 7/1/2019
Posts: 119
VituVingiSana wrote:
Ericsson wrote:
Ericsson wrote:
Dividend ksh.0.35 when they will be releasing FY2020/21 results later this month

Thursday 21 October or Friday 22 October.
Liar Liar Liar



guesswork.....disgraced wazua elders
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Extraterrestrial
#13 Posted : Friday, October 29, 2021 5:39:37 PM
Rank: Member

Joined: 11/17/2018
Posts: 173
Location: Mars
They'll probably release the annual ritual document: Delayed publication of results and ask for more time, probably up to 15th November.

However, this is Jubilee and even December is possible with the "due to the President's directive on review of several aspects of the energy sector"
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My 2 cents
#14 Posted : Friday, October 29, 2021 8:36:18 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,089
Extraterrestrial wrote:
They'll probably release the annual ritual document: Delayed publication of results and ask for more time, probably up to 15th November.

However, this is Jubilee and even December is possible with the "due to the President's directive on review of several aspects of the energy sector"


November is unlikely. Too optimistic.
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Ericsson
#15 Posted : Friday, October 29, 2021 11:26:49 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Extraterrestrial wrote:
They'll probably release the annual ritual document: Delayed publication of results and ask for more time, probably up to 15th November.

However, this is Jubilee and even December is possible with the "due to the President's directive on review of several aspects of the energy sector"


The MD is busy talking about cop26,net zero climate change,Olkaria geothermal spa
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#16 Posted : Saturday, October 30, 2021 10:32:44 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Kengen FY2020/2021 Results
Revenue increased by 4.06% from ksh.44.11bn in 2020 to 45.901bn in 2021.
Ongoing geothermal drilling services in Tulu Moye in Ethiopia contributed ksh.1.784bn compared to 440mn in 2020
Profit before tax grew by 7% to ksh.14.76bn from 13.79bn in 2020.
Dividend payout ksh.0.3 per share.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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  | | Edit by user: Saturday, October 30, 2021 10:34 PM | Reason: Not specified
kawi254
#17 Posted : Sunday, October 31, 2021 1:07:55 AM
Rank: Member

Joined: 2/20/2015
Posts: 468
Location: Nairobi
Ericsson wrote:
Kengen FY2020/2021 Results
Revenue increased by 4.06% from ksh.44.11bn in 2020 to 45.901bn in 2021.
Ongoing geothermal drilling services in Tulu Moye in Ethiopia contributed ksh.1.784bn compared to 440mn in 2020
Profit before tax grew by 7% to ksh.14.76bn from 13.79bn in 2020.
Dividend payout ksh.0.3 per share.


Help me understand this finance stuff:

Profit before tax = ksh.14.76bn
Profit after tax = Ksh. 1.118bn

Reason given is that corporate tax changed from 25% to 30%. Isn't that like 90% tax rate? Must be the reason they are releasing the results on a weekend night!
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McGill
#18 Posted : Sunday, October 31, 2021 5:02:56 PM
Rank: Member

Joined: 8/1/2019
Posts: 106
kawi254 wrote:
Ericsson wrote:
Kengen FY2020/2021 Results
Revenue increased by 4.06% from ksh.44.11bn in 2020 to 45.901bn in 2021.
Ongoing geothermal drilling services in Tulu Moye in Ethiopia contributed ksh.1.784bn compared to 440mn in 2020
Profit before tax grew by 7% to ksh.14.76bn from 13.79bn in 2020.
Dividend payout ksh.0.3 per share.


Help me understand this finance stuff:

Profit before tax = ksh.14.76bn
Profit after tax = Ksh. 1.118bn

Reason given is that corporate tax changed from 25% to 30%. Isn't that like 90% tax rate? Must be the reason they are releasing the results on a weekend night!


Ata mimi sielewi hii hesabu. But I expect some massive selloff tomorrow.
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kawi254
#19 Posted : Sunday, October 31, 2021 6:13:03 PM
Rank: Member

Joined: 2/20/2015
Posts: 468
Location: Nairobi
McGill wrote:
kawi254 wrote:
Ericsson wrote:
Kengen FY2020/2021 Results
Revenue increased by 4.06% from ksh.44.11bn in 2020 to 45.901bn in 2021.
Ongoing geothermal drilling services in Tulu Moye in Ethiopia contributed ksh.1.784bn compared to 440mn in 2020
Profit before tax grew by 7% to ksh.14.76bn from 13.79bn in 2020.
Dividend payout ksh.0.3 per share.


Help me understand this finance stuff:

Profit before tax = ksh.14.76bn
Profit after tax = Ksh. 1.118bn

Reason given is that corporate tax changed from 25% to 30%. Isn't that like 90% tax rate? Must be the reason they are releasing the results on a weekend night!


Ata mimi sielewi hii hesabu. But I expect some massive selloff tomorrow.



@0.30/share the amount dividend paid to issued shares ~1.98bn but profit after tax is Ksh 1.118bn.

watu wa accounts/finance please explain the mazematics? Does it mean Kengen will borrow to pay dividends? Why deferred tax? - like were they not paying tax before? Is GoK making more money from KenGen in tax as opposed to being a shareholder?
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My 2 cents
#20 Posted : Sunday, October 31, 2021 7:09:42 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,089
kawi254 wrote:
McGill wrote:
kawi254 wrote:
Ericsson wrote:
Kengen FY2020/2021 Results
Revenue increased by 4.06% from ksh.44.11bn in 2020 to 45.901bn in 2021.
Ongoing geothermal drilling services in Tulu Moye in Ethiopia contributed ksh.1.784bn compared to 440mn in 2020
Profit before tax grew by 7% to ksh.14.76bn from 13.79bn in 2020.
Dividend payout ksh.0.3 per share.


Help me understand this finance stuff:

Profit before tax = ksh.14.76bn
Profit after tax = Ksh. 1.118bn

Reason given is that corporate tax changed from 25% to 30%. Isn't that like 90% tax rate? Must be the reason they are releasing the results on a weekend night!


Ata mimi sielewi hii hesabu. But I expect some massive selloff tomorrow.



@0.30/share the amount dividend paid to issued shares ~1.98bn but profit after tax is Ksh 1.118bn.

watu wa accounts/finance please explain the mazematics? Does it mean Kengen will borrow to pay dividends? Why deferred tax? - like were they not paying tax before? Is GoK making more money from KenGen in tax as opposed to being a shareholder?


Look at the status of cash rather than profit. As at June 2021, they had 13.8B in cash. They can pay the dividend, they have the cash. A company can be very profitable but lack cash and on the flip side can have made a loss but have cash.
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