Total Kenya Limited has today reported that it made a loss of Ksh 71 million for the full year ended December 2011. The largest oil marketer in Kenya blamed this loss on price controls and inefficiencies in the supply chain. The loss is a stark contrast to the Ksh 916 million shilling profit it posted in the same period last year.

The company has also announced that it will be unable to pay dividends this year.

The loss has been attributed to increased operating expenses and finance costs.

Read more in the Business Daily.