Kenya's Safaricom says EBITDA for H1 up by 30.8 percent

4 November 2016

Mergers, Acquisitions and Financial Results

NAIROBI (Reuters) - Kenya's Safaricom said on Friday that earnings before interest, tax, depreciation and amortization (EBITDA) for the first half of the year are up 30.8 percent on the same time last year, at 50.8 billion shillings ($502 million).

The company's net income in the same period was 23.9 billion shillings, Chief Financial Officer Sateesh Kamath told an investor briefing.

Revenue from its mobile money service, known as M-Pesa, rose 33.7 percent to 25.9 billion shillings from 19.35 billion shillings a year earlier. Read the full article on Reuters here:

Source: Reuters 4 November 2016