(Reuters). Kenya's Safaricom will meet its upgraded guidance on free cash flow for its current financial year thanks to sustained growth in key revenue segments such as voice calls, its chief executive said on Friday.
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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