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Who will overtake scom as most profitable company in Kenya?
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guru267
#1 Posted : Thursday, November 10, 2011 8:12:28 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Any ideas folks?
Mark 12:29
Deuteronomy 4:16
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  | | Edit by user: Thursday, November 10, 2011 11:30 AM | Reason: Not specified
QW25081985
#2 Posted : Thursday, November 10, 2011 8:14:35 AM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
kcb !!!!
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Hunderwear
#3 Posted : Thursday, November 10, 2011 8:33:53 AM
Rank: Member

Joined: 4/14/2011
Posts: 639
Anybody who can make 10b wil..Safcon is nw a spent catridge
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Burning Spear
#4 Posted : Thursday, November 10, 2011 11:23:43 AM
Rank: Veteran

Joined: 7/22/2008
Posts: 1,139
Equity bank-vision 2015 10bn pre-tax profit
"You're not supposed to be so blind with patriotism that you can't face reality. Wrong is wrong, no matter who says it". Malcolm X
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Kausha
#5 Posted : Thursday, November 10, 2011 11:52:58 AM
Rank: Member

Joined: 2/8/2007
Posts: 808
At Half year Equity PAT was 4,737 million whereas KCB's was 4,068 million. Safaricom half year earnings were 4,013 million. This is a moot question, Equity Bank and KCB are already making more profit than Safaricom as we debate.
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sky5
#6 Posted : Thursday, November 10, 2011 12:08:50 PM
Rank: Member

Joined: 5/7/2010
Posts: 282
Location: Nairobi
EB!!!

With interest rate of 25%, they'll earn good from interest income.
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digitek1
#7 Posted : Thursday, November 10, 2011 12:15:16 PM
Rank: Veteran

Joined: 2/3/2010
Posts: 1,797
Location: Kenya
eb profits were not all real as they postponed losses in bonds....time will tell
I may be wrong..but then I could be right
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Gadaffi
#8 Posted : Thursday, November 10, 2011 12:30:37 PM
Rank: Member

Joined: 2/13/2011
Posts: 284
Location: Nairobi
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!!
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StatMeister
#9 Posted : Thursday, November 10, 2011 12:33:15 PM
Rank: Veteran

Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
sky5 wrote:
EB!!!

With interest rate of 25%, they'll earn good from interest income.


Good assumption, but if the market is not able to pay 25%, NPLs will increase which will hammer banking P&Ls into shapes we last saw late 90's
A bad day fishing is better than a good day at work
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Sober
#10 Posted : Thursday, November 10, 2011 12:45:53 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
Ekwete... or EABL...
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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