Kenya’s largest listed company hit a market capitalization Ksh 1.52 Trillion after the company’s shares touched a new record high of Ksh 38.
On Thursday, the Nairobi Securities Exchange-listed firm announced it was paying an interim dividend of KSh 0.45 per ordinary share, amounting to KSh 18.029 Billion for the year ended 31st March 2021. The company’s board cited the need to support its shareholders during these difficult times occasioned by the COVID-19 pandemic.
Safaricom’s Ksh 1.52 Trillion market cap now accounts for 63% of the entire KSh 2.4 trillion market valuation at the Nairobi Securities Exchange following the surge in the telco’s share price. Over the last year, Safaricom’s share price is up by 20%
Latest data shows that the top five companies at the NSE by market capitalization account for over 80%% of the market, the highest in the last four quarters.
Safaricom Half Year Earnings
Safaricom Plc Net earnings for the six months period ended 31st September 2020 fell 6% to KSh 33.069 Billion compared to a Net profit of KSh 35.195 Billion over a similar period in 2019. Total revenue fell 4.1% to KSh 124.5 Billion from KSh 129.9 Billion during the period under review.
Net cash from operating activities fell 14.1% from KSh 57.1 Billion in H1, 2019 to KSh 49 Billion in H1, 2020.
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