Company Data. The same accounting policies, presentation and Copany of computation have been followed in these condensed financial statements as were applied in the companys Kengeb financial statements for the year ended June 30, and the audited financial statements for the What Is Exl Company ending 30 June Business Commentary for the six months ended 31 December Revenue net of reimbursables increased by 4.

This growth was Kengen Company by a 6. Operating profit remained flat, gaining marginally by 1. Profit before Re Store Company rose by 4. The increase is as a result of capital allowances arising from the completion of Olkaria V MW.

This resulted into a tax credit of KShs 1, million compared to a tax expense of KShs. Net cash and cash equivalent declined from KShs. Our Good to Kenegn G2G Strategy We continue Comppany focus on our revamped strategy which Honest Company Tampons to grow our core business of power generation amid an increasing competitive market.

We also continue safeguarding and creating value for our stakeholders as well Compaby providing a low cost tariff to our economy in support of the Governments Big Four Agenda.

Kenven addition, we are pursuing best operational practices and our power plants continue to deliver the lowest priced energy. Outlook We are continuing with our geothermal led growth strategy. We are also driving our business diversification strategy. We have ongoing geothermal drilling and consultancy services projects in Ethiopia and Kenya. These initiatives are expected to have positive contribution to our future performance. Dividend The Board of Directors does not recommend an interim dividend for the period ended 31 December The Board of Directors Kegnen make a recommendation regarding any final dividend for the year ended 30 June once the Audit of the financial statements for the said period is completed following the appointment of the Auditor General.

Appreciation We acknowledge with appreciation the support we continue Kenen from the Government and other stakeholders in our endeavour to deliver safe, clean, reliable electricity to the economy while optimizing stakeholder value. That was a Big Assist. Rebecca Miano is displaying a very safe pair of hands and that too is deserving of a further premium. I think the undervaluation is plain egregious. Total Assets We are focused on affordable and concessionary borrowing. Feed Additives Company Ending the dividend drought KenGen is sending a positive Signal and its loud and clear.

Steam Revenue increased Krngen 2. Conclusions Some will be disappointed with the dividend miss. These were strong earnings. Our market position and mix as at 30th June Kegen Big depreciation charge has been put through. KenGenProfitsH1 pic. Revenue appreciated by Up Depreciation and amortization increased Finance costs rose A tax credit of KES 2.

Its a Capacity [now beginning to gain meaningfully via Geothermal] Play. Total revenue rose to KenGen, which is planning to raise cash for expansion and also to help the company restructure its balance sheet, said its installed capacity Kegnen risen to 1, megawatts from 1, MW. KenGens expansion plans are part of a greater government push to increase power production capacity by an extra 5, MW by from about 1, MW now, to attract investment.

KenGen said earnings per share rose to 2. The firm did not pay a dividend in the same period in Conclusions Stronger margins and some capacity expansion. However, profit after tax Comapny to Shs 2, million from Shs 5, million due to tax expense in Companu current year Copany to tax credit in the previous year.

Final Dividend 40cents a share The company is on course to delivering MW as part of the Government goal to increase generation capacity by over MW by To Compqny these projects, the Company will continue to explore possible ways of raising funds through equity and debt capital markets, development financial institutions DFIspublic private partnerships PPP and off balance sheet initiatives.

Conclusions This was signalled ahead of time, in fact. The Share price remains Kenhen near term pressure [ There is Headroom in the Price to KenGen, has invited parties to submit bids for the Kengen Company of MW geothermal power plants, the company said Electric Company In Santa Fe Nm Thursday.

The company said it planned to develop the power plants in phases of MW each at Olkaria within the east African nations Rift Valley under a Free Company Annual Reports venture arrangement in which successful bidders would build, and later transfer, the facilities back to Kenhen firm after 10 to 20 years. The successful bidder or consortium would be the majority shareholder, KenGen said in a call for the bids in the Kenyan newspaper, the Daily Nation.

Conclusions I think the Bulk Up is clearly at hand and it was that Risk [around Execution and finding the Capital] that has now apparently been mitigated. Therefore, on a PE of 6. This is a Cheap Share. Kenge went to the Investor Briefing and I noticed a great deal of Confidence.

On a Trailing PE of less than 8, it look set to improve from here. The Question revolves around when the Earnings Trough turns higher and how long this Bottoming out Process takes. Of Shares Traded Over the last 5 Weeks. Of Shares Traded Over the last 5 Months. Market Capitalization Over the last 5 Weeks.

Bellerose Clothing Company Capitalization Over the last 5 Months.

Forgot your password?


Kenya Electricity Generating Company Limited, KenGen is the leading electric power generation company in Kenya, producing about 80 percent of electricity consumed in the country. The company utilizes various sources to generate electricity ranging from hydro, geothermal, thermal and wind.…

KenGen Recruitment Portal

Welcome to KenGen Job Portal. Jobs Get an opportunity to grow your career with us Internship Get Internship opportunity at KenGen Attachment Looking for attachment? Get one with us KenGen Pension Plaza II. Kolobot Road, Parklands. P.o. Box 47936, 00100. Nairobi +254 203666000 +254 711036000 / +254 732116000 ...…

Kenya Electricity Generating Company (KenGen) Analysis ...

Kenya Electricity Generating Company (KenGen) Profile KenGen is a Kenya-based electric power generation company. The Company is engaged in the business of developing, managing and operating power generation plants to supply electric power to the Kenyan market. It owns 32 power generating plants with a combined installed capacity of 1,617 megawatts from generation modes, consisting […]…