Safaricom PLC (NAI:SCOM)

KES 17.2 -0.3 (-1.71%) Market Cap: 689.13 Bil Enterprise Value: 851.68 Bil PE Ratio: 11.86 PB Ratio: 4.45 GF Score: 98/100

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Full Year 2019 Safaricom Plc Earnings Call Transcript
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Full Year 2019 Safaricom Plc Earnings Call Transcript

May 03, 2019 / 01:00PM GMT

Release Date Price: KES29.55 (+4.97%)

Transcript

Operator

Good afternoon, ladies and gentlemen, and welcome to Safaricom PLC's Full Year 2019 Earnings Release Conference Call. You're welcome to familiarize yourself with the disclaimer, which is available on the investor presentation on the Safaricom website. (Operator Instructions) Please note that this conference is being recorded.

I'd like to hand the conference over to the CEO, Mr. Bob Collymore. Please go ahead, sir.

Robert William Collymore

Safaricom PLC - MD, CEO & Executive Director

Hello, folks. I'm Bob Collymore, CEO of Safaricom. I'm joined by Sylvia, who is the customer -- Chief Customer Officer; Sateesh, who's the Chief Finance Officer; Sylvia and Ilanna who are the Investor Relations team.

This morning, we announced our full year results ending March 2019. And we're pleased to see that service revenue growth has been ahead of Kenya's GDP growth, coming in at KES 240 billion, which was 7% growth on the year. I'm pleased with the positive jaws we've seen through the 7% revenue growth and the 13% EBIT growth and EBIT coming in at 35.8

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