Safaricom investors have for some time been looking for anything positive to grasp that could be considered bullish. But those hopes were quickly dashed last week when the telco released its 2022 results.
Profit after tax was down 22 percent to Sh52.5 billion, returns on equity dropped by 27.9 percent, up from 48.4 percent in the year before and earnings per share also shaved some 10.9 percent to stand at Sh1.55.
