Total Kenya has reported a 23% increase in net profit to Ksh. 2.74 Billion for the year ended 31st December 2017. The increase is up from Ksh. 2.23 Billion which was recorded in the previous year.
The performance has been attributed to an increase in sales and the rise of international prices which led to a 25% increase in net sales. Its assets also increased to Ksh. 38.01 Billion from Ksh. 36.18 Billion in 2016. Investments totalling Ksh. 2.27 Billion were made in the year compared to Kshs 1.54 Billion in 2016.
The Directors have recommended the payment of a first and final dividend of Kshs 1.30 per share for the year compared to Ksh. 1.06 per share paid in 2016. This proposed payout represents an increase of 23 percent as compared to 2016. It is subject to shareholders approval at an AGM to be held on 27 June 2018.