So are all the other companies that are making profits..................

where else would safaricom be making profits if its not off us.Safaricom is a commercial enterprise which must make money by offering solutions to its subscribers so as an investor in that company all am interested in is how the company is making money and if its competitive enough in this market hiyo mambo ati its fleecing/conning its customers is hot air unless it affects the bottom line.

VVS,
Man you overhype this fact that you don't use nor own safcom shares, can't you comment something different on safcom!!!

@my 2 cents I wonder why there is no reaction from the share price??

Plus safcom like the banks has exactly the same activities in H1 and H2 and hence they CAN be compared...

So a fall in profits in H1 in comparison to last years H2 is definitely something to note but that's only if you're open minded...

AND GUYS PRICE WARS WENT ON ONLY FOR 1 MONTH FOR THE REVIEWED PERIOD...

You will notice that for most counters H2 results are usually better than H1 and therefore more comparable to prior H2 figures.

Equity announced a whopping 56% jump in profits, what did the market do the next day? Pricess headed south. Mr. Market is manic depressive...he is not always rational.

Forget what the business sch. profs say about efficient market theory. It is all bullcrap.

@VVS, the Kshs. in you pocket now may belong to you but next year and years to come it will buy less and less, so better get it invested.