Safaricom's Report On its First Half, 2024 Results

Safaricom PLC will report the first half of 2024 results on November 09, 2023.

It’s the first publicly listed company on the Nairobi Securities Exchange (NSE) to set a date for the announcement.

On year to date, Safaricom’s share price has plummeted by 45.6% to Ksh.13.80 as of the time of this publication from Ksh.25.45 on October 19, 2022.

Full-year 2023 Results:

Earnings Per share – EPS: Ksh.1.55 (down from Ksh.1.74 in FY 2022).

Revenue: Ksh.308.3 billion (up 4.2% from FY 2022).

Net income: Ksh.62.3 billion (down 11% from FY 2022).

Profit margin: 20% (down from 24% in FY 2022). The decrease in margin was driven by higher expenses.

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Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.

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