KPLC reported a higher profits for 2005-6 (y-o-y):
Year End: 30 June 2006
Sales (Net): KES 22.5 Billion (+3%)
PBT: KES 2.5 Billion (+25%)
PAT:KES 1.64 Billion (+29%)
Taxation: KES 48 Million (+20%)
EPS: KES 20.78 (+29%)
Dividend: KES 1.50 per share
Units sold were 3% y-o-y but that is lower than GDP (+5.8) growth which indicates there may have been "transmission" constraints while prices were higher than 2004-5. KPLC passes through all fuel-cost recoveries but lower fuel costs in 2006-7 (hoping the current lower oil prices remain, well, low) will be beneficial as more customers hook up to KPLC's network.
Future prospects seem good if the economy continues on its current growth, fuel prices remain steady (or drop) & increased efficiencies in transmission. There is a new management team in place from Manitoba Hydro International.
A major issue/challenge remains the rate hike that KenGen wants but will impact KPLC unless it can recoup the increase from its customers. This is unpopular since Kenya has among the highest electricity costs among major African countries.