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KQ after-tax profit rises by 73p.c.

Discussion in 'Jukwaa la Siasa' started by Rufiji, Jun 3, 2011.

  1. Rufiji

    Rufiji JF-Expert Member

    Jun 3, 2011
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    Kenya Airways has reported a 73.9 per cent increase in its profits after tax for the financial year ended March 31.

    The airline recorded an impressive Sh3.5 billion during the period, compared to the Sh2 billion it had for a similar period in 2010.

    The airline’s managing director and CEO, Mr Titus Naikuni attributed the company’s spectacular performance to aggressive route expansion and increased frequencies.
    “We have continued to register impressive results from our strategy and see both passenger numbers and cargo going up,” said Mr Naikuni of the results at an investor briefing in Nairobi Thursday.

    The airline has been on a route expansion programme, especially in Africa, to increase its footprints as international routes become more competitive.

    In the period under review, the listed airline recorded Sh85.8 billion in turnover. This was a 21 per cent increase from last year’s turnover of only Sh70.7 billion.

    Profit before tax for the company increased to Sh5 billion in the 12-month period from the Sh2.6 billion it reported last year.

    Revenue generated from passengers peaked at Sh75.4 billion in the year due to improved world economics.

    Globally, the increase in fuel prices has affected airlines, and Kenya Airways is no exception.

    Daily Nation: - Business News |KQ after-tax profit rises by 73p.c.
  2. N

    Ngonini JF-Expert Member

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    Wenzetu wanafanyakazi sisi tunacheza makidamakida tu! Shame on us na hasa Rais wa hii nchi!
  3. Semilong

    Semilong JF-Expert Member

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    how much is from the subsidiary?
  4. A

    Awo JF-Expert Member

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    Sisi tunasaidia washikaji vyeo tu. ATCL pwaaaaaaaaaaaaaaaaaaaaaaaaa
  5. Mvaa Tai

    Mvaa Tai JF-Expert Member

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    ATCL hawajataka kutoa report yao kwasababu za ki-inteligensia.
  6. F

    FJM JF-Expert Member

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    ATCL yetu nayo imepata mafanikio makubwa - tumebadilisha 'logo'!!!
  7. Mlangaja

    Mlangaja JF-Expert Member

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    Hii inanifanya nitamani viongozi wa ATCL watiwe chumvi na kuchomwa moto!