By the way PIC should have a seat at the board of Kengen since they have attained 10% shareholding.In this case their representative should be either the CEO or Finance director or investment manager.

https://www.businessdail...oid-sh936m-fine-3655580

Kenya power says it paid ksh.717mn while Kengen says on its books they received ksh.936mn

Someone dumping big lots of Kengen at a loss.

Half Year 2021 Highlights
-Total revenue +14% to KES.24.8bn.
The growth is mainly attributed to higher revenue receipts from drilling consultancy and operations outside Kenya.

-Operating costs +8% to KES.14.1bn
Due to increased business activities in Ethiopia,repairs and maintenance and higher steam costs following increased dispatch from Olkaria I AU and V geothermal plants.

-Finance Costs -27% to KES.897mn
Owing to a reduction in loan balances
-Finance income increased by 22% to KES.1.009bn
The interest was earned on increased cash balances held for ongoing projects and loans whose repayment has been rescheduled as part of covid-19 relief program by financing partners.

-PBT +9% to KES.7.5bn
Income tax expense increased by 32% to KES.2.339bn from KES.1.817bn in December 2020 reflecting the impact of corporate tax reversal from 25% back to 30% and Olkaria V capital allowances all of which resulted in a lower effective tax rate of 26% in 2020.

-PAT +1.3% to KES.5.1bn