Karan Gupta

News Release SAFARICOM GROUP SAFARICOM LIMITED ANNOUNCES AUDITED RESULTS FOR THE PERIOD ENDED 31st walk 2010 Opening Statement Michael Joseph, Safaricom Group CEO commented; The group has once once again delivered solid results for the period ended 31 March 2010. In the first half of the year, the company operated in an economic environment that was characterised by high inflation levels and the underlying effects of failed rains. However, the routine half witnessed an improved economic and operating environment, with join ond adversary activity in the market and further tariff reductions during the period. The crook of subscribers and our products portfolio went up significantly in line with our strategy. The revenue enhancement increase surpassed the subscriber ingathering mainly due to significant growth in data revenue. Our ongoing cost management initiatives contributed to strong margins expansion in the year. Key Highlights Continued strong growth o The active subscribers increased by 18.2% to 15.79m o 19.1% growth in revenue to Kshs 83.96bn o 31.0% growth in EBITDA to Kshs 36.60bn as a result of growth in revenue and cost management o EBITDA margin increase to 43.6% o Net Profit up 43.8% and Earnings per Share increased to Kshs0.38 Impressive growth in data revenue o 97.

7% growth in mobile and frozen data revenue o Over 60% of our subscribers are M-PESA registered and M-PESA revenue grew by 158.1% 100% acquisition of PacketStream Data Networks Successful furnish of Kshs 7.513bn Domestic Medium Term Note (First Tranche) 110.8% growth in operating free cash flow. Dividend growth of 100.0% to Kshs 8.00bn Page 1 of 9 News Release SAFARICOM GROUP SAFARICOM LIMITED ANNOUNCES AUDITED RESULTS FOR THE PERIOD ENDED 31st shew 2010 Major initiatives in the year One of the most significant developments in the period was the landing of the two undersea fibre eye cables, TEAMS and Seacom. Safaricom has... If you want to get a full essay, order it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper