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Who will overtake scom as most profitable company in Kenya?
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Any ideas folks? Mark 12:29
Deuteronomy 4:16
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Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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Rank: Member Joined: 4/14/2011 Posts: 639
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Anybody who can make 10b wil..Safcon is nw a spent catridge
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Rank: Veteran Joined: 7/22/2008 Posts: 1,139
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Equity bank-vision 2015 10bn pre-tax profit "You're not supposed to be so blind with patriotism that you can't face reality. Wrong is wrong, no matter who says it". Malcolm X
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Rank: Member Joined: 2/8/2007 Posts: 808
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At Half year Equity PAT was 4,737 million whereas KCB's was 4,068 million. Safaricom half year earnings were 4,013 million. This is a moot question, Equity Bank and KCB are already making more profit than Safaricom as we debate.
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Rank: Member Joined: 5/7/2010 Posts: 282 Location: Nairobi
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EB!!!
With interest rate of 25%, they'll earn good from interest income.
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Rank: Veteran Joined: 2/3/2010 Posts: 1,797 Location: Kenya
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eb profits were not all real as they postponed losses in bonds....time will tell I may be wrong..but then I could be right
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Rank: Member Joined: 2/13/2011 Posts: 284 Location: Nairobi
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No single company in th region wil replace safcom as th most profitable co in th forseeable future. If u luk at its financial stmts, its income streams r stil stable n its only th expences which hv rocketed, tis cn b easily sorted out, th top line is stil intact!!
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Rank: Veteran Joined: 5/23/2010 Posts: 868 Location: La Islas Galápagos
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sky5 wrote:EB!!!
With interest rate of 25%, they'll earn good from interest income. Good assumption, but if the market is not able to pay 25%, NPLs will increase which will hammer banking P&Ls into shapes we last saw late 90's A bad day fishing is better than a good day at work
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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Ekwete... or EABL... African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Member Joined: 11/21/2006 Posts: 608 Location: Ruiru
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guru267 wrote:Any ideas folks? Safaricom's Sh20.97 billion profit record for 2009 will remain intact in the foreseeable future. Over time, one of the of the sin vendors like banks or EABL will be more (or most) profitable but the record will remain Safaricom's for while. Was it not for controls in the oil market, I would have said Kenol-Kobil "..I am because we are. "― Ubuntu, Umtu,
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Gadaffi wrote:No single company in th region wil replace safcom as th most profitable co in th forseeable future. If u luk at its financial stmts, its income streams r stil stable n its only th expences which hv rocketed, tis cn b easily sorted out, th top line is stil intact!! Quoting bdafica: Mr Tiffin said that Safaricom will reduce its capital expenditure by 25 per cent in the second half.Where will that put the profits... GOD BLESS YOUR LIFE
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Burning Spear wrote:Equity bank-vision 2015 10bn pre-tax profit where have U been omera!? Equity & KCB made over 9B PBT in Q3 2011! 
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Rank: Elder Joined: 12/4/2009 Posts: 10,790 Location: NAIROBI
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Going by the half year results equity bank,Barclays bank,KCB and EABL have already overtaken Safaricom. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Ericsson wrote:Going by the half year results equity bank,Barclays bank,KCB and EABL have already overtaken Safaricom.
Half year results may not truly reflect the company's performance since many incomes and expenses earned and incurred during the half year period may be postponed to full year results. Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Equity bank will be ahead due to the tax waiver this year. Profit before tax KCB! The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 11/19/2010 Posts: 1,308 Location: nairobi metropolitan
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guru267 wrote:Any ideas folks? I don't have any saf shares, but as we stand saf will remain the most profitable co. in our times. Democracy does not belong to the dead
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Rank: Member Joined: 9/21/2007 Posts: 326
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youcan'tstopusnow wrote:Gadaffi wrote:No single company in th region wil replace safcom as th most profitable co in th forseeable future. If u luk at its financial stmts, its income streams r stil stable n its only th expences which hv rocketed, tis cn b easily sorted out, th top line is stil intact!! Quoting bdafica: Mr Tiffin said that Safaricom will reduce its capital expenditure by 25 per cent in the second half.Where will that put the profits... it begs another question, has suffering con made enough capex investment to keep it going for the near future. if indeed yes the oppourtunity lies in getting efficiencies from those spends (eg earning more from the fibre) and maintaining a flat cost base while earning something more in interest from the surplus cash. Speak your truth quietly and clearly; and listen to others, even the dull and the ignorant; they too have their story.
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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youcan'tstopusnow wrote:Gadaffi wrote:No single company in th region wil replace safcom as th most profitable co in th forseeable future. If u luk at its financial stmts, its income streams r stil stable n its only th expences which hv rocketed, tis cn b easily sorted out, th top line is stil intact!! Quoting bdafica: Mr Tiffin said that Safaricom will reduce its capital expenditure by 25 per cent in the second half.Where will that put the profits... capital expenditure affects profits?
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Lolest! wrote:youcan'tstopusnow wrote:Gadaffi wrote:No single company in th region wil replace safcom as th most profitable co in th forseeable future. If u luk at its financial stmts, its income streams r stil stable n its only th expences which hv rocketed, tis cn b easily sorted out, th top line is stil intact!! Quoting bdafica: Mr Tiffin said that Safaricom will reduce its capital expenditure by 25 per cent in the second half.Where will that put the profits... capital expenditure affects profits? Can cutting CAPEX be used boost short to mid term profits by reducing depreciation? GOD BLESS YOUR LIFE
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Who will overtake scom as most profitable company in Kenya?
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