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Safaricom HY 2018/2019
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Ericsson
#1 Posted : Wednesday, October 31, 2018 9:29:39 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Safaricom Half Year Results will be announced this Friday 2nd Nov 2018
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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murchr
#2 Posted : Wednesday, October 31, 2018 1:39:57 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
2018 is done and dusted per Safaricom books. Financial years are not Gregorian. And I think there's another thread
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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Ericsson
#3 Posted : Wednesday, October 31, 2018 2:54:40 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
murchr wrote:
2018 is done and dusted per Safaricom books. Financial years are not Gregorian. And I think there's another thread


@murchr its 2018/2019 sir.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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murchr
#4 Posted : Thursday, November 01, 2018 3:31:29 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Ericsson wrote:
murchr wrote:
2018 is done and dusted per Safaricom books. Financial years are not Gregorian. And I think there's another thread


@murchr its 2018/2019 sir.


Quote:

Accounting period that can start on any day of a calendar year but has twelve consecutive months (52 consecutive weeks) at the end of which account books are closed, profit or loss is computed, and financial reports are prepared for filing. It may or may not match a calendar year. Called fiscal year in the US.

So a company with a fiscal year that begins April 1, 2017, and ends March 31, 2018 refers to that period as fiscal year 2018, even though it starts in 2017.


I know it doesnt matter but from a professional perspective it is not right. Fiscal Year or financial year 18 is gone. The Safaricom new year started in May
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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VituVingiSana
#5 Posted : Thursday, November 01, 2018 3:47:08 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
murchr wrote:
Ericsson wrote:
murchr wrote:
2018 is done and dusted per Safaricom books. Financial years are not Gregorian. And I think there's another thread


@murchr its 2018/2019 sir.


Quote:

Accounting period that can start on any day of a calendar year but has twelve consecutive months (52 consecutive weeks) at the end of which account books are closed, profit or loss is computed, and financial reports are prepared for filing. It may or may not match a calendar year. Called fiscal year in the US.

So a company with a fiscal year that begins April 1, 2017, and ends March 31, 2018 refers to that period as fiscal year 2018, even though it starts in 2017.


I know it doesnt matter but from a professional perspective it is not right. Fiscal Year or financial year 18 is gone. The Safaricom new year started in May
No, it did not start in May. FY2018-19 started on 1st April 2018.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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murchr
#6 Posted : Thursday, November 01, 2018 3:50:31 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
VituVingiSana wrote:
murchr wrote:
Ericsson wrote:
murchr wrote:
2018 is done and dusted per Safaricom books. Financial years are not Gregorian. And I think there's another thread


@murchr its 2018/2019 sir.


Quote:

Accounting period that can start on any day of a calendar year but has twelve consecutive months (52 consecutive weeks) at the end of which account books are closed, profit or loss is computed, and financial reports are prepared for filing. It may or may not match a calendar year. Called fiscal year in the US.

So a company with a fiscal year that begins April 1, 2017, and ends March 31, 2018 refers to that period as fiscal year 2018, even though it starts in 2017.


I know it doesnt matter but from a professional perspective it is not right. Fiscal Year or financial year 18 is gone. The Safaricom new year started in May
No, it did not start in May. FY2018-19 started on 1st April 2018.



Fair enough, but FY19 not 18-19 there are no double year numbering in the serious financial world
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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  | | Edit by user: Thursday, November 01, 2018 3:51 PM | Reason: Not specified
Ericsson
#7 Posted : Friday, November 02, 2018 8:19:32 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Half year profits before tax at ksh.44.6bn up 18.7%
Profit after tax at sh.31.6bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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  | | Edit by user: Friday, November 02, 2018 9:05 AM | Reason: Not specified
watesh
#8 Posted : Friday, November 02, 2018 8:39:28 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
That data revenue growth got battered.....mpesa revenue though,PHENOMENAL
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Ericsson
#9 Posted : Friday, November 02, 2018 1:51:57 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
They have alot of cash which they are investing some in government securities to earn an income.
In the 6 months period they earned ksh.1.54bn in form of finance income
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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murchr
#10 Posted : Friday, November 02, 2018 3:38:14 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Safaricom Half Year Numbers:

~ Service Revenue +7.7% to Sh 118.2Bn

~ Net Income +20.2% to Sh 31.5Bn

~ M-Pesa +18.02%

~ Mobile Data +10.8%

~ Fixed Data +21.00%

~ Fiber 5500 Km

~ 29.94 Mn Customers

Beating from data? ~ Know your customer.



"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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  | | Edit by user: Friday, November 02, 2018 3:43 PM | Reason: Not specified
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