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

[joto la jiwe]

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

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.

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

Hahahahaha, why you don't include Mohamed Enterprises co.ltd?. By the way we want you to compare GoK and GoT be cause these are the one which we have control with, not private companies.

Let's compare what GoK owned projects like SGR, Galana kulalu, Mumia sugar, Water dams projects, Schools, and others which are financed by Governments of these country. Why should you compare with private companies whose profits are taken by individuals majority of them are foreigners?

 

[luangalila]

Kubali yaishe. Tulipotea wapi step hadi pamoja na rasilimali zote tumejaliwa na Mwenyezi Mungu bado tunacheza "ligi" moja na Burundi?

Ah yaannwe unaifananisha burundibna Tz ? Burundi ambayo hata jeng la bunge wamepewa msaada embu liombe radhi taifa ww

 

[chilubi]

Fikra za mchawi hizo.

Uchawi ni pale unapojisifia kampuni kutengeza faida zaid ya kampuni 30 za jirani halafu mnakosa hela ya SGR wakati hao mliowazidi wanazipata.

Kuna tatizo sio bure.

 

[luangalila]

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

Hata hao wana habati za Tz bado hawa hadubini ya kughamua mapato au taarifa za ndani za iampuni ,.mara kadhaa hapa Tz tumekuwatukilalamika ya kuwa haya makampuni yana ta taarifa za kupata hasara za uongo then wana wapasia ndugu zao nao wana pata faida then wana tangaza hasara. Waongo hao

 

[Teargass]

GDP gap 2016 20b, GDP gap 2018 40bn. Calculate GDP gap in 2022

Uchawi ni pale unapojisifia kampuni kutengeza faida zaid ya kampuni 30 za jirani halafu mnakosa hela ya SGR wakati hao mliowazidi wanazipata.

Kuna tatizo sio bure.

 

[tuusan]

GDP gap 2016 20b, GDP gap 2018 40bn. Calculate GDP gap in 2022

2022 GDP yenu itakua 100 +
Lakin tutawauzia umeme;vyakula,vinywaji,madawa.

 

[Teargass]

Hahaha endelea kujidanganya. Kenya produces it's own medicine. Kenya has excess electricity while Tz bado Uko na pungufu.

2022 GDP yenu itakua 100 +
Lakin tutawauzia umeme;vyakula,vinywaji,madawa.

 

[tuusan]

Hahaha endelea kujidanganya. Kenya produces it's own medicine. Kenya has excess electricity while Tz bado Uko na pungufu.

Eti umeme [emoji23] [emoji23]
SGD itaproduce umeme wote mlionao Kenya Leo miaka mitatu ijayo

 

[Teargass]

Kenya will never ever buy your dead electricity. Kenya has enough and still adds more.

Eti umeme [emoji23] [emoji23]
SGD itaproduce umeme wote mlionao Kenya Leo miaka mitatu ijayo

 

[eliakeem]

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..

The tycoons are said to have the power to influence policies and laws on their favour.
SafariCom is capitalising on that.

 

[kennedy0000]

Hahahahaha, why you don't include Mohamed Enterprises co.ltd?. By the way we want you to compare GoK and GoT be cause these are the one which we have control with, not private companies.

Let's compare what GoK owned projects like SGR, Galana kulalu, Mumia sugar, Water dams projects, Schools, and others which are financed by Governments of these country. Why should you compare with private companies whose profits are taken by individuals majority of them are foreigners?

GOK owns 35% of Safaricom. It is the 2nd largest shareholder. GOT owns nothing in your Vodacom.
Also, even if we include Mohamed Enterprises, nothing changes. Just like Kenya's Bidco, fast moving consumer goods bring huge revenues but very little profit.

Go start a separate thread of comparing government projects. Here's an idea. Compare Lamu to Bagamoyo.

 

[kennedy0000]

Hata hao wana habati za Tz bado hawa hadubini ya kughamua mapato au taarifa za ndani za iampuni ,.mara kadhaa hapa Tz tumekuwatukilalamika ya kuwa haya makampuni yana ta taarifa za kupata hasara za uongo then wana wapasia ndugu zao nao wana pata faida then wana tangaza hasara. Waongo hao

Kampuni, especially zile listed kwa stock exchange, lazima ziwe na external auditors.. Kama vile Deloitte, KPMG ama PWC.

 

[Mkikuyu- Akili timamu]

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.

So why is Vodacom Tz which pioneered mpesa there not dominant? Simple: Free trade dynamics

 

[MK254]

Top 30 companies, yaani hehehe

 

[sodoliki]

Uchumi wa kenya na mkubwa mara kumi ya uchumi wa Tanzania, mdomo wa watanzania ni mkubwa mara 100 ya mifomo ya kenya, mtanzania hapo,humkuti

 

[kennedy0000]

So why is Vodacom Tz which pioneered mpesa there not dominant? Simple: Free trade dynamics

Vodacom is not as innovative or well managed as Safaricom. You also refused Kenyan assistance over there.

And I'm sure you can't name a single law or thing that government has done to favor Safaricom.

 

[Mkikuyu- Akili timamu]

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.

For along time, interconnection charges were extremely high..Those are the barriers of free trade that benefited safcom..Tz removed these longtime ago

 

[kennedy0000]

For along time, interconnection charges were extremely high..Those are the barriers of free trade that benefited safcom..Tz removed these longtime ago

Kencell had more customers than Safaricom in the early days, when interconnection charges were even higher.
Why didn't this benefit Kencell?

 

[ignatus peter]

Unajua TCC imetengeneza faida kiasi gani kwa Mwaka 2018?

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

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.

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

 

[joto la jiwe]

GOK owns 35% of Safaricom. It is the 2nd largest shareholder. GOT owns nothing in your Vodacom.
Also, even if we include Mohamed Enterprises, nothing changes. Just like Kenya's Bidco, fast moving consumer goods bring huge revenues but very little profit.

Go start a separate thread of comparing government projects. Here's an idea. Compare Lamu to Bagamoyo.

If GoK owns only 35% then majority of share is privately owned, therefore Safari com is a private company by 65%, that's why is doing fine, the bigger the share of GoK, the bigger the chance of failure, like Mumia sugar Company, Galana kulalu, SGR, KQ, Lamu port. Failed state.