KenGen financial results for the six months period ended 31 December 2015 (News Release)
KenGen reported its first half earnings after the market shuttered on Friday, where first half revenue surged +52.041% to Sh18.522744 billion, earnings per share increased +15.179% to Sh2.58. KenGen on-boarded its geothermal capacity increase in the previous full year but these six-month earnings captured the geothermal component in full. KenGen now has an installed capacity of 513.8 MW. These were strong results confirming the new trend line for earnings.
The company state they are pleased with the financial results for the six months period ended 31 December 2015. They delivered strong growth in revenues across most areas of focus. The results reflect the full impact of the 280 MW Olkaria geothermal plants which became fully operational in December 2014. Energy unit sales from geothermal grew by 35%.
2016 Interim Results......
