Safaricom CEO Peter Ndegwa./HANDOUT
Safaricom Plc's net earnings for the first six months of the year grew by 52.1per cent to Sh42.8 billion on reduced losses in Ethiopia.
The telco recorded a service revenue of Sh200 billion, with the Kenyan subsidiary accounting for Sh194 billion, having expanded by 9.3 per cent.
Revenue from Ethiopia surged by a whopping 136 percent to hit Sh6.2 billion.
The Kenyan unit reported 22.6 percent growth in net profit to Sh52.8 billion, while Ethiopia reported Sh15.5 billion in net earnings, having grown 20.1 percent.
More to follow....
