Horrible, from a turn-over of 38 billion to get 145million profit. How long before they walk away. anyway i'm glad i quit oil stocks at the right time.

This is the biggest bullshit excuse Ive ever heard... Kwani is kenol not under price controls..
With kenya still contibuting to more than half of their earnings they should have also been negatively impacted by the price controls..

This firm should just delist and join the eveready pack..

Price Controls are not good for consumers or suppliers since they breed inefficiencies.

As for KK, they face controls in Kenya, Tanzania, Rwanda, Ethiopia [not sure about Uganda, Zambia & Burundi] but it remains very efficient thus can push volumes which lower (per unit) costs across the network.

@m-tupu - Yes, GoK will not address price mechanism as long as it is POLITICALLY convenient... nevertheless, the REGIONAL diversification helps KK which can re-route resources, cash, products to markets that are most profitable.

An example:

In 1Q 2011, the KOSF tanks were full of products from a 'connected' OMC. KK had a ship that could not off-load & attracted HUGE demurrage fees.
KK complained to no avail (while there was a shortage of product across up-country incl Nairobi) so it sent the ship to Dar. Other "Kenya-only" firms would be forced to keep the ship at Mombasa.

I honestly dont know how kk are weathering the prices, they can even afford to give discounts!!!! there are serious genius brains at work over at KENOL KOBIL. Now imagine what they can do when the factors become better.