Kenya Airways reported a net profit of KES4.10 billion ($61 million) for its fiscal year ended March 31, down 15.1% from net income of KES4.83 billion in the prior year, blaming "increased competition, higher fuel prices and the adverse impact of a weaker US dollar" for the drop. Revenue lifted 11.3% to KES58.79 billion but expenses climbed 13.8% to KES51.15 billion, producing an operating profit of KES7.64 billion, a 2.8% decrease from KES7.86 billion last year. Fuel expenses rose 20.2% to ...

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