The following are the key highlights of the results:
• The active subscriber numbers have increased to 13.36m from 10.23m,an increase of 30.6%.
• Subscriber market share at 79%
• Revenue market share estimated at 83%
• Turnover increased to Kshs70.48 bn compared to Kshs61.37 bn in the previous year,a growth of 14.8%.
• Blended Average Revenue Per User (ARPU) for PrePay and PostPay was Kshs 475. ARPU reduced in the year as a result of increased penetration and lower average tariffs. This was however compensated by increased average minutes of use per month of 57.5 from 52.8 in the previous year.
• Strong EBITDA of Kshs 27.95bn,including a forex loss of Kshs 679m compared to Kshs 118m in the previous year.
• Operating profit of Kshs 16.18bn impacted by increased depreciation in line with the increased capital investment
• Profit before tax of Kshs 15.30bn impacted by increased depreciation and higher financing costs. The prior year financing costs
included two non trading gains to the value of Kshs 1.76bn.
• Increasingly strong growth in the M-PESA service with 6.18m registered users compared to 2.08m users in the previous year.
• Capital expenditure investment in the year ended 31 March 2009 was Kshs 23.82bn,increasing the total capital investment
since inception to Kshs119.79bn
• Increased 2G sites across the country to 1,899 sites from 1,558 sites.
• Increased data business for corporate,medium sized institutions as well as individual customers. 301 sites have been upgraded to 3G to support this strategy. The number of distinct data users has increased from 0.57m at the beginning of the year to 1.47m reflecting the growth potential in the data market.
• Cash from operations of Kshs30.10bn,remained strong during the year enabling the company to expand the network coverage further and ensure that the core network was enhanced to manage the increased subscriber base.
• Total gross borrowings (excl. cash and cash equivalents) increased to Kshs11.31bn from Kshs9.20bn. Gearing (gross borrowing less cash and cash equivalents) was 12.0% from 8.0% due to a marginal increase in borrowings.

plus not everyone is on mpesa.

The best time to plant a tree is twenty years ago. The second best time is now.

Si niliwaambia!

The correct DPS should have been five cents,but many would have seen it as an insult,so they settled for ten cents.

Revenue is up 15%,but EPS is down 24%. The financing account moved from a positive 1.6b position to a negative 0.8b

If it was me,I'd have said no dividend this year and save some of that financing expenses.....

Behind the gardens...Behind the wall...Under the tree (Including: Red...Dark Blue...Yellow)

@ Gekko,I didn't know you could receive from mpesa without having subscribed to the service. Thanks,now I know

@mukiha,what do you mean no dividend? It would be a disaster if they didn't give something.

Anyway 'ngoch' ni poa. I'm not complaining.

The best time to plant a tree is twenty years ago. The second best time is now.

I expected responses as put down here. Always knew Kenyans see things differently from most other citizens of the world.
We spent a huge chunk of retained cash to build a massive arsenal to ward off competition in the last financial year. We don't see another war coming in the near future. So cash is abundant.
We did not need to retain cash for loan repayment. We have fought many battles with competiters and after due consideration believe they are not much of a threat and thus our war is as good as won and profits will grow.
Do you know the difference between five and ten cents dividends? That is like increasing dividends paid by 100 percent or double. Think of BAT increasing Dps from 17 to 34 this year. This is why I still love Kenyans,do them good,and they think you are fooling them. Do them bad,they have no problem with that.
MJ


Innovation is the key to staying ahead of competition.