Last week, Kengen reported a 94.6% decline in net profit to Ksh 1.2 billion following higher tax expenses. Revenue was up 4% to Ksh 4.5 billion attributed to geothermal, hydro and diversification projects. Kenya Power bounced back to profitability reporting a Ksh 1.5 billion net profit, a 216% jump in pretax profit and 17% dip in operating expenses. Apple results were slightly underwhelming following supply chains woes, and now Microsoft is the most valuable company on earth by market cap.
Listen to this episode to find out what could happen to Kenya Power’s stock after the positive results, and how changes in payments for developers and supply chain woes are affecting apple.
This episode features:
Felix Ochieng – Chief Financial Analyst, Hisa
Production by Mwakaneno Gakweli