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Who will overtake scom as most profitable company in Kenya?
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GGK
#11 Posted : Thursday, November 10, 2011 12:51:31 PM
Rank: Member

Joined: 11/21/2006
Posts: 608
Location: Ruiru
guru267 wrote:
Any ideas folks?


Safaricom's Sh20.97 billion profit record for 2009 will remain intact in the foreseeable future.

Over time, one of the of the sin vendors like banks or EABL will be more (or most) profitable but the record will remain Safaricom's for while.

Was it not for controls in the oil market, I would have said Kenol-Kobil
"..I am because we are. "― Ubuntu, Umtu,
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youcan'tstopusnow
#12 Posted : Thursday, November 10, 2011 3:34:07 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Gadaffi wrote:
No single company in th region wil replace safcom as th most profitable co in th forseeable future. If u luk at its financial stmts, its income streams r stil stable n its only th expences which hv rocketed, tis cn b easily sorted out, th top line is stil intact!!

Quoting bdafica:

Mr Tiffin said that Safaricom will reduce its capital expenditure by 25 per cent in the second half.

Where will that put the profits...
GOD BLESS YOUR LIFE
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Cde Monomotapa
#13 Posted : Thursday, November 10, 2011 4:06:35 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Burning Spear wrote:
Equity bank-vision 2015 10bn pre-tax profit

where have U been omera!? Equity & KCB made over 9B PBT in Q3 2011! smile
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Ericsson
#14 Posted : Thursday, November 10, 2011 6:17:51 PM
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Joined: 12/4/2009
Posts: 10,810
Location: NAIROBI
Going by the half year results equity bank,Barclays bank,KCB and EABL have already overtaken Safaricom.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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guru267
#15 Posted : Thursday, November 10, 2011 7:29:26 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Ericsson wrote:
Going by the half year results equity bank,Barclays bank,KCB and EABL have already overtaken Safaricom.


Half year results may not truly reflect the company's performance since many incomes and expenses earned and incurred during the half year period may be postponed to full year results.
Mark 12:29
Deuteronomy 4:16
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Aguytrying
#16 Posted : Thursday, November 10, 2011 7:56:19 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Equity bank will be ahead due to the tax waiver this year. Profit before tax KCB!
The investor's chief problem - and even his worst enemy - is likely to be himself
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githundi
#17 Posted : Friday, November 11, 2011 12:14:27 AM
Rank: Veteran

Joined: 11/19/2010
Posts: 1,308
Location: nairobi metropolitan
guru267 wrote:
Any ideas folks?

I don't have any saf shares, but as we stand saf will remain the most profitable co. in our times.
Democracy does not belong to the dead
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Mo
#18 Posted : Friday, November 11, 2011 6:59:02 PM
Rank: Member

Joined: 9/21/2007
Posts: 326
youcan'tstopusnow wrote:
Gadaffi wrote:
No single company in th region wil replace safcom as th most profitable co in th forseeable future. If u luk at its financial stmts, its income streams r stil stable n its only th expences which hv rocketed, tis cn b easily sorted out, th top line is stil intact!!

Quoting bdafica:

Mr Tiffin said that Safaricom will reduce its capital expenditure by 25 per cent in the second half.

Where will that put the profits...


it begs another question, has suffering con made enough capex investment to keep it going for the near future. if indeed yes the oppourtunity lies in getting efficiencies from those spends (eg earning more from the fibre) and maintaining a flat cost base while earning something more in interest from the surplus cash.
Speak your truth quietly and clearly; and listen to others, even the dull and the ignorant; they too have their story.
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Lolest!
#19 Posted : Friday, November 11, 2011 8:49:32 PM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
youcan'tstopusnow wrote:
Gadaffi wrote:
No single company in th region wil replace safcom as th most profitable co in th forseeable future. If u luk at its financial stmts, its income streams r stil stable n its only th expences which hv rocketed, tis cn b easily sorted out, th top line is stil intact!!

Quoting bdafica:

Mr Tiffin said that Safaricom will reduce its capital expenditure by 25 per cent in the second half.

Where will that put the profits...

capital expenditure affects profits?
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
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youcan'tstopusnow
#20 Posted : Friday, November 11, 2011 9:20:52 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Lolest! wrote:
youcan'tstopusnow wrote:
Gadaffi wrote:
No single company in th region wil replace safcom as th most profitable co in th forseeable future. If u luk at its financial stmts, its income streams r stil stable n its only th expences which hv rocketed, tis cn b easily sorted out, th top line is stil intact!!

Quoting bdafica:

Mr Tiffin said that Safaricom will reduce its capital expenditure by 25 per cent in the second half.

Where will that put the profits...

capital expenditure affects profits?

Can cutting CAPEX be used boost short to mid term profits by reducing depreciation?
GOD BLESS YOUR LIFE
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