PBT down 19%
-Slow down of KE econ
-Increase in financing costs

Electricity sales UP 2.3% to 3,893 GWh
Sales revenue UP 2.5% to Kshs. 46,931 million

Power purchase costs UP to Kshs27,429 million.
-attributed to 2% increase in units purchased, 4,882 GWh

Thermal used increased 47% to 1,301 GWh
-Poor hydrology

Transmission and distribution costs UP 5% to Kshs. 15,814 million
-Higher operational and maintenance costs
-Depreciation

Finance costs UP to Kshs. 3,257 million

Cash balances "decreased significantly duw to aggressive implementation of capital projects"

Company may require government bailout soon.
The debt level and negative cash flow is worrying

[quote=Pesa Nane]

Full results link: https://view.publitas.co...od-ended-31st-dec-2017/[/quote]


Thermal generation is expensive.They could try getting an alternative which will bring value.There is no need of using  kshs 12 billion only to get kshs 11 billion.
Overdrafts facilities is now becoming burdensome.They should look at cheaper options.

Negative cashflow is a worrying sign. I see 5-7 bob printing soon