Total half-year earnings up 21pc on higher fuel demand
Nairobi, Aug. 27 -- Oil firm TotalEnergies Marketing Kenya's net profit for the six months to June 2026 grew 21.2 percent, lifted by higher product sales despite expensive pump prices following disruptions from the Middle East conflict.
The listed oil marketer reported a net profit of Sh1.33 billion in the half-year to June compared to Sh1.1 billion posted in a similar period in the previous year.
This followed a 19 percent increase in revenues to Sh84.4 billion, coming in a period when global fuel prices climbed significantly due to the US-Israel war against Iran, which disrupted key trading channels, including the Strait of Hormuz.
"Despite volatility in the global energy markets, the company delivered a strong performance with profi...
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