April 29, 2020 / 5:56 AM / a month ago

Kenya's Safaricom posts 13% rise in annual profit

NAIROBI, April 29 (Reuters) - Safaricom, Kenya’s biggest telecoms operator, posted a 13.3% jump in annual earnings before interest and taxation to 101.5 billion shillings ($949.49 million) on Wednesday.

The growth was driven by higher revenue from its internet provision business and its financial services business, M-Pesa, as well as its first ever drop in operating expenses, said Sateesh Kamath, the company’s chief financial officer.

$1 = 106.9000 Kenyan shillings Reporting by Duncan Miriri; editing by Jason Neely

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below