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Kenya's leading telecommunications company Safaricom has reported a Sh15 billion drop in its profits for the Financial Year ending March 31, 2023, representing a 22.3 per cent decline.
The company's net profit for the year under review was Sh52.5 billion, down from Sh67.5 billion the previous year, a drop attributed to higher costs associated with the tough business environment and the company's entry into Ethiopia.
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