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Kenya Discussion / Re: KQ profitable finally - after 11 years sinking Treasury 120B
« Last post by Nefertiti on March 27, 2025, 07:00:20 PM »It's why am saying let the NSE unsuspend them we so what investors think. My reading is they all can't wait to offload.
Again guys I mention KQ is not technically profitable . It cant be with 3 dreamliners grounded awaiting engines . Getting those 6 engines can whip out quarter of revenue they made in the year .
Have a look at the balance sheet and you will even notice aircraft ownership lessor finance not mentioned . If they use the same logic then KQ has been profitable all those years they were announcing losses .
Last year they called it Operational profits thats what they are implying and taking advantage of saying revenue has increased however avoiding to say due to Forex changes .Most contracts are in dollars and Aircraft Financing was done in dollars when it was 90 to KSH why they are playing mind games is mind boggling . Someone will air them out . Meanwhile nipateans are clapping their hands …….very funny