NAIROBI May 10 Kenya’s biggest telecoms
operator, Safaricom, posted a 20.7 percent jump in its
earnings before interest, taxation, depreciation and
amortisation (EBITDA) in its year to end March, its chief
financial officer said on Wednesday.
Sateesh Kamath told an investor briefing that the EBITDA was
100.3 billion shillings ($973.31 million), excluding a one-off
item of 3.4 billion shillings.
The company, which is 40 percent owned by Britain’s Vodafone
said it had decided to extend the contract of its chief
executive, Bob Collymore, by another two years. Collymore was
first appointed in 2010.
($1 = 103.0500 Kenyan shillings)
(Reporting by Duncan Miriri; Editing by George Obulutsa)