KA-INVESTOR

  • Safaricom 07 Numbers

    Posted: May 27, 2008, 9:44 pm by ka-investor
    As widely expected Safaricom’s 2007 full-year pre tax profit rose 16% to Ksh19.9 billion with their subscribers’ numbers increased by 68% to 10.2 million. I had expected Safaricom to register a higher profit than that – probably ksh.21 billion.

    Here are some of the impressive numbers:

    - Net income grew by 15%, from ksh.12 billion to Ksh. 13.9 billion

    - Sales jumped by 29.8%, from Ksh.47.4 to ksh.61.4

    - Safaricom market share – grew from 73% to 84% (despite Celtel spirited compe)

    - The company plans to expand their m-pesa client base by 92% by the end of the year, from their current 2.6 million registered clients to 5 million.

    - Ksh. 3 billion worth of transfers was made in March 2008 alone!

    - Safaricom seeks to stamp their national foot print with more expansion to the rural areas (to grow by 10% in the next 10 months) – have they not already made the national foot print?

    - Capital expenditure expected to remain high in the next few years owing to GSM roll out. (not good)

    Regarding the stiff competition they are facing, Michael Joseph came shot of telling Celtel “it’s on, B*#!”, but said they are more than ready for the competition. So expect some very crazy rates soon.

← May 21 (1 item) May 30 (1 item) →

Blah blah blah

Fish cakes

Alas a fish cake.

Yet more fish cakes

Guess what ... yeah ... fish cakes.

The end of the fish cakes

Kenyan Blogs