Kenya Power has issued a profit warning for the financial year ending June 30.
This means the firm's net earnings will be at least 25 per cent less compared to the previous year.
The power distributor has attributed the expected drop to volatilities in the financial market that has seen the shilling significantly drop against the US dollar.
Kenya Power finance chief Stephen Vikiru says that the company has a high forex exposure, considering that its 90 per cent of debt portfolio is dominated in US dollars.
