The National carrier says it suffered from long electioneering period in 2017 that saw domestic travel numbers drop by 20%
The Group mainly attributes this to a 17% drop in print advertising revenue occasioned by business uncertainty during the electioneering period
Consolidated operating income was Ksh 314 billion which is approximately 3.8 times higher than the same quarter of the previous fiscal year.
According to the company’s board chairman George Maina , the results were a reflection of a resilient performance in an adverse trading environment
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The company attributes the decline to lower operating profit, impact of lower cash deposits at lower interest rates and lower foreign exchange gains
The listed firm said its pre-tax profits dropped from Ksh2.87 billion to Ksh1.28 billion as at June 30, 2017