Econet annual profit down 10% to $36 million

By L.S.M Kabweza

Econet released its annual financial results today. The company’s profit for the year, as generally expected, declined. This time by 10% to $36.2 million from $40.2 million the previous year. Revenue was also decreased from $641 million to $622 million. EBDTA (which stands for earnings before interest, taxes, depreciation and amortization) also declined 6.4%. to $224 million from US$238.4 million. EBIDTA essentially shows the company’s earnings […]

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Econet annual profit down 10% to $36 million

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