Wazua
»
Investor
»
Stocks
»
Kenya Power FY 2016 profit declines slightly
Rank: Veteran Joined: 11/13/2015 Posts: 1,596
|
From twitter world-kenyanwallstreet Quote:Kenya Power & Lightening company has reported a slight drop in full year net profit to Sh 12.1 Billion compared to Sh 12.3 Billion posted in the previous year.
During the period total revenue was up by 1.5% to Sh 108.4 Billion with electricity sales growing by 12% from Sh 77.8 Billion to Sh 87.1 Billion. In 2016, a record 7.4 billion units were sold compared to 7.13 billion units sold last year.
|
|
|
Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
|
wukan wrote:From twitter world-kenyanwallstreet Quote:Kenya Power & Lightening company has reported a slight drop in full year net profit to Sh 12.1 Billion compared to Sh 12.3 Billion posted in the previous year.
During the period total revenue was up by 1.5% to Sh 108.4 Billion with electricity sales growing by 12% from Sh 77.8 Billion to Sh 87.1 Billion. In 2016, a record 7.4 billion units were sold compared to 7.13 billion units sold last year. Hii nayo ni gani??  Dumb money becomes dumb only when it listens to smart money
|
|
|
Rank: Veteran Joined: 8/10/2014 Posts: 977 Location: Kenya
|
wukan wrote:From twitter world-kenyanwallstreet Quote:Kenya Power & Lightening company has reported a slight drop in full year net profit to Sh 12.1 Billion compared to Sh 12.3 Billion posted in the previous year.
During the period total revenue was up by 1.5% to Sh 108.4 Billion with electricity sales growing by 12% from Sh 77.8 Billion to Sh 87.1 Billion. In 2016, a record 7.4 billion units were sold compared to 7.13 billion units sold last year. Any word on the dividend?
|
|
|
Rank: Member Joined: 5/30/2016 Posts: 332 Location: Kayole
|
watesh wrote:wukan wrote:From twitter world-kenyanwallstreet Quote:Kenya Power & Lightening company has reported a slight drop in full year net profit to Sh 12.1 Billion compared to Sh 12.3 Billion posted in the previous year.
During the period total revenue was up by 1.5% to Sh 108.4 Billion with electricity sales growing by 12% from Sh 77.8 Billion to Sh 87.1 Billion. In 2016, a record 7.4 billion units were sold compared to 7.13 billion units sold last year. Any word on the dividend? same as last year 30 cents dividend. At least they did not hijack us Kengen style KEGN, KPLC, KQ, SCOM
|
|
|
Rank: Elder Joined: 12/7/2012 Posts: 11,908
|
mkate_nusu wrote:watesh wrote:wukan wrote:From twitter world-kenyanwallstreet Quote:Kenya Power & Lightening company has reported a slight drop in full year net profit to Sh 12.1 Billion compared to Sh 12.3 Billion posted in the previous year.
During the period total revenue was up by 1.5% to Sh 108.4 Billion with electricity sales growing by 12% from Sh 77.8 Billion to Sh 87.1 Billion. In 2016, a record 7.4 billion units were sold compared to 7.13 billion units sold last year. Any word on the dividend? same as last year 30 cents dividend. At least they did not hijack us Kengen style In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
|
|
|
Rank: Veteran Joined: 8/10/2014 Posts: 977 Location: Kenya
|
mkate_nusu wrote:watesh wrote:wukan wrote:From twitter world-kenyanwallstreet Quote:Kenya Power & Lightening company has reported a slight drop in full year net profit to Sh 12.1 Billion compared to Sh 12.3 Billion posted in the previous year.
During the period total revenue was up by 1.5% to Sh 108.4 Billion with electricity sales growing by 12% from Sh 77.8 Billion to Sh 87.1 Billion. In 2016, a record 7.4 billion units were sold compared to 7.13 billion units sold last year. Any word on the dividend? same as last year 30 cents dividend. At least they did not hijack us Kengen style Our usual amount of a total of 50 cents, retaining more than 85% of the profits. 5.6% yield is still a good amount.
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
|
Kenya power profit before tax @sh. 12.083bn compared to 12.254bn in 2015. Profit after tax @7.556bn compared to 7.432bn in 2015. Dividend per share maintained @50 cents. Loans @181bn in 2016 compared to sh. 167.463bn in 2015 Net working capital is - 763mn compared to sh. 20.463bn in 2015 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
|
Sh. 181bn is long term loans Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 9/15/2006 Posts: 3,905
|
Ericsson wrote:Sh. 181bn is long term loans  Full results link: https://view.publitas.co...d-30th-june-2016/page/1
|
|
|
Rank: Member Joined: 5/30/2016 Posts: 332 Location: Kayole
|
watesh wrote:mkate_nusu wrote:watesh wrote:wukan wrote:From twitter world-kenyanwallstreet Quote:Kenya Power & Lightening company has reported a slight drop in full year net profit to Sh 12.1 Billion compared to Sh 12.3 Billion posted in the previous year.
During the period total revenue was up by 1.5% to Sh 108.4 Billion with electricity sales growing by 12% from Sh 77.8 Billion to Sh 87.1 Billion. In 2016, a record 7.4 billion units were sold compared to 7.13 billion units sold last year. Any word on the dividend? same as last year 30 cents dividend. At least they did not hijack us Kengen style Our usual amount of a total of 50 cents, retaining more than 85% of the profits. 5.6% yield is still a good amount. For those like myself buying aggressively at 8 bob and below a few weeks ago are already enjoying a yield and capital gain of 3.75% and 16.9% respectively KEGN, KPLC, KQ, SCOM
|
|
|
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
|
 Pesa Nane plans to be shilingi when he grows up.
|
|
|
Rank: Veteran Joined: 11/13/2015 Posts: 1,596
|
electricity sales growth was only 3.6% in a economy growing at 5.9%. Who are we kidding?
2013 sales grew 9.8%
2014 sales grew 5%
|
|
|
Rank: Elder Joined: 12/7/2012 Posts: 11,908
|
wukan wrote:electricity sales growth was only 3.6% in a economy growing at 5.9%. Who are we kidding?
2013 sales grew 9.8%
2014 sales grew 5% I use KNBS data regularly and you can see they massage them month on month but if you point that out, you are anti-JP. Anyway time will tell  In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
|
|
|
Rank: Member Joined: 8/17/2007 Posts: 294
|
Angelica _ann wrote:wukan wrote:electricity sales growth was only 3.6% in a economy growing at 5.9%. Who are we kidding?
2013 sales grew 9.8%
2014 sales grew 5% I use KNBS data regularly and you can see they massage them month on month but if you point that out, you are anti-JP. Anyway time will tell do you believe growth in sales was higher or lower?
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,120 Location: Nairobi
|
wukan wrote:electricity sales growth was only 3.6% in a economy growing at 5.9%. Who are we kidding?
2013 sales grew 9.8%
2014 sales grew 5% An interesting observation. Question: Is the +3.6% in KES or in units? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Veteran Joined: 11/13/2015 Posts: 1,596
|
VituVingiSana wrote:wukan wrote:electricity sales growth was only 3.6% in a economy growing at 5.9%. Who are we kidding?
2013 sales grew 9.8%
2014 sales grew 5% An interesting observation. Question: Is the +3.6% in KES or in units? unit sales
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,120 Location: Nairobi
|
http://www.businessdaily...4450-higyd9z/index.html
KPLC is going to have a tough time making money if it has to buy power it cannot sell. The "new" households being connected to the grid at great cost barely use any (paid) power. Perhaps in the future they will but not until 2020 or when their incomes rise substantially. Many "new" connections are to GoK funded institutions like schools and hospitals. If these entities cannot pay, as has happened in the past, then KPLC has to spend manpower chasing up on the payments. As an investor, KPLC is looking less attractive by the day. On the other hand, the lower the price it gets makes it more attractive despite the problems. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Veteran Joined: 8/10/2014 Posts: 977 Location: Kenya
|
VituVingiSana wrote:http://www.businessdailyafrica.com/Kenya-Power-connects-1-2m-homes-to-the-national-grid/539546-3444450-higyd9z/index.html
KPLC is going to have a tough time making money if it has to buy power it cannot sell. The "new" households being connected to the grid at great cost barely use any (paid) power. Perhaps in the future they will but not until 2020 or when their incomes rise substantially.
Many "new" connections are to GoK funded institutions like schools and hospitals. If these entities cannot pay, as has happened in the past, then KPLC has to spend manpower chasing up on the payments.
As an investor, KPLC is looking less attractive by the day. On the other hand, the lower the price it gets makes it more attractive despite the problems. Very logical. The new customers have barely pushed up power demand. Either way we will still get our 50 cents dividend even with the expected 16% drop in capital expenditure.
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
|
http://www.businessdaily...50996-738jbyz/index.htmlWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 12/7/2012 Posts: 11,908
|
Ericsson wrote:http://www.businessdailyafrica.com/Power-bills-to-rise-slightly-as-regulator-increases-fuel-levy/539546-3450996-738jbyz/index.html I thought we were moving away from this expensive power generation systems to more clean and efficient ones. Then again I thought I heard that we are producing more power than we can consume!!!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
|
|
|
Wazua
»
Investor
»
Stocks
»
Kenya Power FY 2016 profit declines slightly
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|