KenGen half-year net profits drop 3pc as it replaces chairman
Abraham Serem, chief executive of the Kenya Electricity Generating Company (KenGen), during a media briefing at the company's headquarters in Nairobi on January 6, 2022.
KenGen has posted a 3.2 per cent profit drop for its half-year ended December 2022, attributed to higher operating costs, even as the listed firm appointed a new chairman.
The company listed on the Nairobi Securities Exchange (NSE) earned a profit after tax of Sh3.25 billion in the six-month, down from the Sh3.36 billion it recorded in the same period the previous year.
