Despite Kenya Airways improved performance that saw the Group’s revenue grew to Kshs 75 billion, recording a 56% increase compared to the same period last year this was negated by a Ksh 17 billion impact on foreign exchange losses on monetary items, loans and leases, giving rise to a loss before tax of Kshs 22 billion. Speaking at the…
Tag: revenue
Kenya Airways Set Sights On Business Recovery By 2024 During 47th AGM
– Kenya Airways PLC (KQ) held its 47th Annual General Meeting (AGM) virtually this morning. The AGM which was attended by shareholders was led by the Board Chairman, Michael Joseph, who presented a review of the audited financial results and business performance for the year ended 31st December 2022. During the meeting, the shareholders voted…
KQ Registers Improved Revenue & Forecasts Sustainable Recovery in 2024 as Revenue Jumps 66% in 2022
Kenya’s National carrier, Kenya Airways PLC (KQ) Group’s revenue stood at KES 117 billion, a 66% increase from the previous year. This is 5% below the prepandemic reported revenue, indicative of the Groups projected recovery by 2024. The growth in revenue was driven by a significant increase in passenger numbers which grew by 68%to 3.7million…
Airports Company South Africa: Revenue Up 81% in 2021/22 Over 2020
PERFORMANCE HEADLINES: • Revenue up 81%, from R2.2 billion to R3.9 billion • ACSA reports a loss of R1 billion, down from R2.6 billion loss in 2020/21 • Gearing increases to 26% from 23% • Recover and Sustain strategy implemented with positive results Airports Company South Africa (ACSA) has today reported its financial results for…