Safaricom Plc expects to meet its March 2027 profit target in Ethiopia on significant loss reduction through six months to September, an outcome expected to cut the telecom funding pressure from the startup while widening revenues and improving shareholder pay.
Safaricom Telecommunications Ethiopia (STE) posted a significant 96.5 percent reduction in its pre-tax loss (earnings before interest, taxes, depreciation, and amortisation (EBITDA) in the startup to Sh434.4 million from a loss of Sh12.5 billion in September 2025.
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