The net profit of Kenya Power has recorded a drop in half-year after tax profits.
The Nairobi Securities Exchange (NSE) reports its drop from Sh2.9 billion in 2017 to Sh2.4 billion last year.
During the period, the firm grew its electricity sales by21.3 percent to Sh56.96 billion from Sh46.9 billion as at December 31, 2017.
Transmission and distribution costs increased to Sh21.7 billion from Sh15.8b for the period ended December 31 due to costs associated with expanded network.
At the same time, the non-fuel power purchase costs increased by 18.8 percent to Sh32.6 billion while units purchased increased by 9 percent.
Acting Managing Director Jared Othieno said that the company would continue to undertake initiatives to improve customer satisfaction, enhance efficiency in business operations to grow revenue.