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Safaricom H1 service revenue falls 5% as M-Pesa turnover shrinks by 15%, active customers rise 14%

2020-11-09 09:33:00| Telecompaper Headlines

(Telecompaper) Kenyan operator Safaricom's net profit decreased by 6.0 percent to KES 33.07 billion in the first six months to 30 September from KES 35.19 billion in the same period of 2019. Total revenue decreased by 4.1 percent to KES 124.53 billion from KES 129.92 billion in 2019 with service revenue dropping 4.8 percent to KES 118.41 billion from KES 124.32 billion. The company attributed the decline to Covid-19 pandemic, blaming the decline in service revenue performance on lower M-Pesa and voice revenues.

Tags: service active customers rise

 

Textile manufacturers forecast turnover recovery by 2023

2020-10-06 14:41:00| Daily apparel & textile news and comment - from just-style.com

A quarter of textile manufacturers recently surveyed said they expect turnover to reach pre-crisis levels in 2022 and 2023.

Tags: recovery manufacturers forecast textile

 
 

US Xpress releases trucking industry forecast; driver turnover, truckload capacity and load volumes significantly impact market

2020-09-27 11:55:37| Green Car Congress

Tags: market industry impact releases

 

Vietnam anticipates fall in export turnover during 2020

2020-05-14 15:47:00| Daily apparel & textile news and comment - from just-style.com

The Vietnam National Textile and Garment Group (Vinatex) said the industry booked a 2.02% drop in export turnover to US$8.4bn during the first quarter of 2020 and warns the situation is likely to get worse as the impact of the coronavirus outbreak continues to take effect.

Tags: fall export vietnam turnover

 

Global textile industry prepares for 33% fall in turnover

2020-05-06 13:05:00| Daily apparel & textile news and comment - from just-style.com

Global textile manufacturers are expecting challenges ahead, with turnover forecast down an average of 33% compared to last year.

Tags: in global industry fall

 

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