Safaricom posts third profit fall to Sh52.5 billion

Safaricom Plc CEO Peter Ndegwa during a past investor briefing in Nairobi. FILE PHOTO | NMG

Safaricom has posted a 22.2 percent decline in net profit for the full year ended March 2023, the third consecutive drop in earnings on heavy capital investments in Ethiopia.

Profitability stood at Sh52.48 billion, down from Sh67.49 billion posted in the previous period.

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