Safaricom Announces Sh 89 Billion pre-tax Profit... More Than Top 30 Tanzanian Companies Combined

Safaricom Announces Sh 89 Billion pre-tax Profit... More Than Top 30 Tanzanian Companies Combined

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kennedy0000

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Safaricom Full year 2018 results in brief.

Revenue - Sh240 billion
Pre-tax profit - Sh89.6 billion
After tax profit - Sh 63.4 billion

Biggest revenue increase sources
1. Mpesa
2. Mobile data
3. Fixed internet (Fibre to the home)


Last year, the Citizen newspaper calculated that Safaricom's profit was more than double the 14 top Tanzanian companies.

What Safaricom’s Sh1.2 trillion net profit means to Tanzanian firms

Kenya’s giant telco Safaricom announced a net profit of Ksh55.3 billion (Sh1.2 trillion) on Wednesday for the year ended March, 2018, with analysts saying the money is a wakeup call to Tanzania’s...
www.thecitizen.co.tz www.thecitizen.co.tz

Meaning if you add up all the profits of the top 14 companies in Tanzania, you would get half of what Safaricom got.
Vodacom, TBL, TCC, Portland Cement, NMB, CRDB, NBC etc. All the top companies there.

I'm pretty sure if citizen went further, they would have come up with a very long list and still not beat Safaricom.
This year it has even gotten worse for Tanzania.

www.the-star.co.ke

The Star

The Star brings you breaking news, developing stories, politics, entertainment, lifestyle, sports and much more from Kenya and around the world, throughout the day.
www.the-star.co.ke www.the-star.co.ke
 
Safcom is the best run company in EAC how ever it gets regulatory support from GoK unlike Mobile companies in Tz who are left to the whims of Free Trade..
Why would Airtel and Telkom continue to make losses while only 1 company makes profit..
 
Their business strategies is whats letting them down.Airtel and telecom don't have money trafering services, they don't have proper networking services like Safaricom.
Mkikuyu- Akili timamu said:
Safcom is the best run company in EAC how ever it gets regulatory support from GoK unlike Mobile companies in Tz who are left to the whims of Free Trade..
Why would Airtel and Telkom continue to make losses while only 1 company makes profit..
Click to expand...
 
Mkikuyu- Akili timamu said:
Safcom is the best run company in EAC how ever it gets regulatory support from GoK unlike Mobile companies in Tz who are left to the whims of Free Trade..
Why would Airtel and Telkom continue to make losses while only 1 company makes profit..
Click to expand...
A big share of Telkom is also owned by the GOK, the issue with these other Telecoms is that they have not invested in their network coverage.
But Telkom Ke has a future they have really started boosting their coverage, Airtel itabaki tu hapo..they want to make money without spending any.
 
kennedy0000 said:
Safaricom Full year 2018 results in brief.

Revenue - Sh240 billion
Pre-tax profit - Sh89.6 billion
After tax profit - Sh 63.4 billion

Biggest revenue increase sources
1. Mpesa
2. Mobile data
3. Fixed internet (Fibre to the home)


Last year, the Citizen newspaper calculated that Safaricom's profit was more than double the 14 top Tanzanian companies.

What Safaricom’s Sh1.2 trillion net profit means to Tanzanian firms

Kenya’s giant telco Safaricom announced a net profit of Ksh55.3 billion (Sh1.2 trillion) on Wednesday for the year ended March, 2018, with analysts saying the money is a wakeup call to Tanzania’s...
www.thecitizen.co.tz www.thecitizen.co.tz

Meaning if you add up all the profits of the top 14 companies in Tanzania, you would get half of what Safaricom got.
Vodacom, TBL, TCC, Portland Cement, NMB, CRDB, NBC etc. All the top companies there.

I'm pretty sure if citizen went further, they would have come up with a very long list and still not beat Safaricom.
This year it has even gotten worse for Tanzania.

www.the-star.co.ke

The Star

The Star brings you breaking news, developing stories, politics, entertainment, lifestyle, sports and much more from Kenya and around the world, throughout the day.
www.the-star.co.ke www.the-star.co.ke
Click to expand...
Iv kwann wa kenya mnapenda sana kufanya comparison na Tz Acheni upuuzi wenu iv mtu katoka kenya anawezaje kujua taatifa za ndaniii za bank kama NMB ? Ukiachilia izp financial report wanazotoa lkn lzm tujue sometimes huwa wana ficha baadhi ya taarifa ...ss huyo mwandishi toka kenya kapata wapi taarifa za ndan za bank kama NMB ? Hii taarifa sio valid kwanza haja nalance story at least angewahoji hao ea tz ....acheni ukuma
 
luangalila said:
Iv kwann wa kenya mnapenda sana kufanya comparison na Tz Acheni upuuzi wenu iv mtu katoka kenya anawezaje kujua taatifa za ndaniii za bank kama NMB ? Ukiachilia izp financial report wanazotoa lkn lzm tujue sometimes huwa wana ficha baadhi ya taarifa ...ss huyo mwandishi toka kenya kapata wapi taarifa za ndan za bank kama NMB ? Hii taarifa sio valid kwanza haja nalance story at least angewahoji hao ea tz ....acheni ukuma
Click to expand...
Hakuna kujiami tena.

Kila kitu ni lazima kupata backups kutoka tz.
 
luangalila said:
Iv kwann wa kenya mnapenda sana kufanya comparison na Tz Acheni upuuzi wenu iv mtu katoka kenya anawezaje kujua taatifa za ndaniii za bank kama NMB ? Ukiachilia izp financial report wanazotoa lkn lzm tujue sometimes huwa wana ficha baadhi ya taarifa ...ss huyo mwandishi toka kenya kapata wapi taarifa za ndan za bank kama NMB ? Hii taarifa sio valid kwanza haja nalance story at least angewahoji hao ea tz ....acheni ukuma
Click to expand...
Kubali yaishe. Tulipotea wapi step hadi pamoja na rasilimali zote tumejaliwa na Mwenyezi Mungu bado tunacheza "ligi" moja na Burundi?
 
luangalila said:
Iv kwann wa kenya mnapenda sana kufanya comparison na Tz Acheni upuuzi wenu iv mtu katoka kenya anawezaje kujua taatifa za ndaniii za bank kama NMB ? Ukiachilia izp financial report wanazotoa lkn lzm tujue sometimes huwa wana ficha baadhi ya taarifa ...ss huyo mwandishi toka kenya kapata wapi taarifa za ndan za bank kama NMB ? Hii taarifa sio valid kwanza haja nalance story at least angewahoji hao ea tz ....acheni ukuma
Click to expand...

Ni media ya Tanzania iliyofanya comparison, sio wakenya. - https://www.thecitizen.co.tz/News/What-Safaricom-s-Sh1-2-trillion/1840340-4555800-mxynlkz/index.html
 
mkorinto said:
Hakuna kujiami tena.

Kila kitu ni lazima kupata backups kutoka tz.
Click to expand...
We don't need any backup from LDC. Safaricom alone makes more profit than your 10 best companies combined.
 
Mkikuyu- Akili timamu said:
Safcom is the best run company in EAC how ever it gets regulatory support from GoK unlike Mobile companies in Tz who are left to the whims of Free Trade..
Why would Airtel and Telkom continue to make losses while only 1 company makes profit..
Click to expand...

I've tried to give Airtel a chance, but their internet coverage is shit. If me in Nairobi cannot even have good speeds with them, what should the person upcountry expect?
Also, looking for an Airtel money shop is an impossible task. Mpesa agents on the other hand are everywhere.

In early and mid 2000s, Airtel (Kencell) was bigger than Safaricom. How they managed to get themselves where they are today only God knows.
 
Mkikuyu- Akili timamu said:
Safcom is the best run company in EAC how ever it gets regulatory support from GoK unlike Mobile companies in Tz who are left to the whims of Free Trade..
Why would Airtel and Telkom continue to make losses while only 1 company makes profit..
Click to expand...
Airtel, then kencell owned by merali was the first mno in Kenya, had more base stations and in fact shared those masts with safaricom at a fee.They were outdone purely on investing more on networks and more so inovation, from simu ya jamii, please call me, easy in getting top up credit, mpesa, mshwari and so on.Most kenyan will tell you mpesa, fast internet and a wide network coverage locks them in safaricom hence the dominance. Now how do you as cck came in to purnish success na wengine nikulegea walilegea.Let them dominate, we like it, we own part of it.
 
Vipi mkuu, Unamiliki hata kipande cha ardhi cha mita moja tu hapo KE?!
 
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