Kenol Kobil has posted improved profitability for the full year ended December 2016.
The oil marketer posted a 20 per cent growth to see its profits stand at Sh. 2.4 billion compared to Sh. 2 billion the year before.
Sales jumped 19.5 per cent to Sh. 103.4 billion. In the same vein, the company’s gross profit margin improved from 6.7 per cent to 7 per cent.
Its finance costs dropped 45.5 per cent to Sh.354.6 million from Sh. 651.3 million in a year that the company added 30 retail network stations.
