Kenya Airways sustained profitability in the financial year
ended 31 March 2012 despite the challenging economic and geopolitical
environment witnessed throughout the year.
Factors that negatively impacted the airline industry in the period included
high fuel prices, euro-zone crisis and a generally weak economy in the
West. The airline carried over 3.6
million passengers by the end of March 2012 indicating a year on year growth of
over half a million passengers. During
the year, Kenya Airways successfully launched three new destinations namely
Ndjamena, Ouagadougou and Jeddah.
The Board is pleased to announce that Kenya Airways achieved an
all time high turnover of KShs 107.9 billion which represents a 26% increase on
prior year turnover of KShs 85.8 billion. The Profit after tax realised was
KShs 1.66 billion compared to the prior year profit of KShs.3.5billion. This
represents a net profit margin of 1.5%, down from 4.1% achieved in
2010/11. Earnings per share reduced to
KShs 3.58 from KShs 7.65 reported in the prior year.
Management continued to invest time and resources towards
maintaining high levels of safety in all its operations during the year.
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