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Browsing: profit
KenGen has reported a 7% rise in its full-year Profit Before Tax to Ksh14.76 billion The firm recommended a dividend…
According to the brewer, profit after tax for the period declined 1 per cent to Sh7 billion mainly impacted by cost inflation, tax and foreign exchange impact.
Further, the COVID-19 related tax reliefs in Kenya on corporation tax and VAT ended in December 2020, resulting in higher tax charges for the year as the rates reverted back to pre-COVID levels.
The company said the slower profit growth rate was driven by the impact of cost inflation, adverse foreign exchange and tax charges.