Total Kenya 2016 net profit has increased by 38% to Ksh. 2.25 Billion as compared to Ksh. 1.62 Billion in 2015. Revenue decreased to Ksh. 110 Billion but expenses also decreased to Ksh. 81 Billion.
A stable Shilling also saw the decrease of the Forex Loss to Ksh. 22 Million from Ksh. 320 Million. The company’s total assets increased to Kshs 36.18 Billion from Kshs 34.22 billion in 2015.
A final dividend of Ksh. 1.06 per share has been recommended. This is a 38% increase from the Ksh. 0.77 paid out in 2015. The pay out is subject to the shareholders approval at AGM which will be held on June 16.
Total has been in Kenya for more than 60 years and it supplies of Petroleum and Gas products. It operates 180 service stations, two joint fuel depots, two liquefied petroleum gas (LPG) filling plants, 1 lubricants blending plant, three lubricant warehouse and six aviation depots.