Posta returns to profit on Sh1.5 billion deal with Huduma Kenya
Nairobi, May 12 -- The Postal Corporation of Kenya (PCK) returned to profitability in the year to June 2025, helped by the recognition of a long-standing Huduma Kenya debt of Sh1.54 billion as revenue, amid growing confidence that the amount will be recovered.
Audited financial report shows PCK posted Sh488 million net profit during the review period, up from a net loss of Sh1.08 billion in the previous year.
The Sh488 million net profit, which is the highest in over 14 years, was boosted by the Sh1.54 billion rent arrears from Huduma Kenya the operator of Huduma centres. The rent had accumulated between 2013 and 2015 but PCK could not book it as revenue because Huduma was disputing it.
Read: Posta to evict Huduma centres over Sh1.7bn ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.