alikujia wrote:Would also think it's an error. However, kplc is a parastatal and a profit-sensitive one to the public, so investors should always bear this in mind. highest PROFIT is not the ultimate goal of a parastatal. rather it is efficient affordable public service.
On another slide I have seen the projected PBT for 2010-11 is Kshs 6.061 B. That's an 7.6% increase. That implies that in the subsequent 4 years the increase in PBT will slow down to 15.5%. Why?
I accept that KPLC will be getting deeper into the clutches of GoK, and will therefore become less profit oriented. All the same , I can't help but think that the financial projections on these slides are off the mark. They are way out of sync with the other metrics.
Let's wait for the IM so that we can interrogate this further.