Safaricom posts second profit fall to Sh67 billion

Safaricom CEO Peter Ndegwa. PHOTO | POOL

Safaricom has posted a 1.7 percent drop in net profit to Sh67.49 billion in the first results that include its Ethiopian operations.

The telco’s net profit for the full year ended March 2022 is the second drop in a row after it posted a 6.8 percent profit retreat last year to Sh68.67 billion, which was the first in nine years.

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Note: The results are not exact but very close to the actual.