Total Kenya 2015 profit rises 13pc to Sh1.6bn

A Total Kenya petrol station. PHOTO | FILE 

In Summary

• Total Kenya said finance costs dropped sharply to Sh39.42 million in 2015 from Sh272 million in the previous year.

By REUTERS
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Fuel marketer Total Kenya said on Thursday its after tax profit rose 13 per cent in 2015, buoyed by stronger sales and cost-cutting measures.

The group, a unit of French oil major Total, said it made a full-year net profit of Sh1.6 billion compared with Sh1.4 billion a year earlier, despite volatility in global oil prices and depreciation in the local currency.

Total Kenya said finance costs dropped sharply to Sh39.42 million in 2015 from Sh272 million in the previous year.

Earnings per share rose to Sh2.57 from Sh2.26.

The company proposed a higher dividend of Sh0.77 per share, against Sh0.70 for 2014.