Safaricom posts 13B in profits, proposes 20 cts dividend per share
Telecoms giant Safaricom proposed a Ksh 0.2 dividend per share for its 8oo Thousand plus shareholders for the financial year ending June 2011.
Despite a 13.2 percent drop in to Ksh 13 billion Net Profit in a financial year characterized with price wars and high inflation, Safaricom maintained a progressive dividend policy as a commitment to its shareholders.
The firm raked in 94.5 billion in revenue. Data revenue grew from 19.6% to 28.0% of ongoing revenue. Earnings Per Share stood at 0.333%.
The firms shareholders now have a chance to endorse the dividend payout in an Annual General Meeting scheduled for 8th September at a Venue that will be communicated later.
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