CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 75-95% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

Kenya's Safaricom says earnings before interest and taxes up 40% in first half

By Reuters News

NAIROBI, Nov 5 (Reuters) - Kenyan telecoms group Safaricom SCOM.NR said on Thursday that its earnings before interest and taxes (EBIT) rose about 40% to 91.1 billion shillings ($701.58 million) in the first half of its financial year.

Chief Executive Peter Ndegwa told a briefing that the result was driven by a reduction in start-up losses in Ethiopia and a solid performance in Kenya.

Group service revenue rose 13% to 226.1 billion shillings in the six months to the end of September, a presentation by Ndegwa showed.

Safaricom launched in Ethiopia in 2022 when the government there started to open up the tightly-controlled economy to foreign competition.

It is hoping its presence in Africa's second most populous country will power future growth.

($1 = 129.8500 Kenyan shillings)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.