Safaricom issued a full year 2016 guidance during their half year investor briefing and they expect:
- •Net Income to be in the range of KES 35.5 – 36.5Bn (from KES 32 – 34Bn)
- •Free Cash Flow to be in the range of KES 27.5 – 28.5Bn (from KES 25 – 26Bn)) due to expected payments from the Government for the construction of the National Police Security Network.
So far the second target has been met this is will be a positive signal towards investors.
We did an analysis on Safaricom in January. It will be refreshing to go through it considering the statement made by their Chief Executive last week.
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