Total Kenya Records a Low Debt Position As it Registers 38.8 Percent Growth in EPS

Total Kenya Limited has maintained its debt to equity at 30 percent in its 2016 full year financial results where it realized 38.3 percent year-to-year in EPS to 3.55 shillings.

The company said that the impressive growth was as a result of the widening gross margins by 8.8 percent on a multi-year high, operations cost control by 1.8 percent year-to-year and income boost mainly rental income which grew by 25.7%. In line with the growth in net income, the company’s dividend ticked up 37.7 percent to 1.06 shillings payable to shareholders in register on 16^th June 2017.

The following were the Positives realized by the company:

1. Gross Margins moved up 300bps to a 5-year high to 8.8 percent compared to 5.8 percent in FY15.
2. Operations cost under control increased by 8 percent, other income on the uptrend.
3. Low debt position. Debt to equity held stable at 30 percent, mainly short term debt