Safaricom Posts 40 Percent Profit Jump
Kenyan telecom giant Safaricom reported a forty percent increase in first half earnings as losses in Ethiopia halved and home market performance remained solid. Group EBIT reached 91.1 billion shillings following strong service revenue growth.
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Safaricom reported a 40% jump in first-half EBIT to 91.1 billion shillings ($701.58 million) on Thursday, driven by shrinking losses in Ethiopia and a strong performance in Kenya.
