Safaricom Records Ksh31.5 Billion Half Year Profits

Safaricom netted a Ksh31.5 billion net profit for the period ending September 30.

This reflects a 20.2 per cent increase compared to Ksh26.2 billion recorded within the same period last year.

Messaging revenue went down by 1.2 per cent to Ksh8.81 billion while fixed service revenue increased by 21.0 per cent to Ksh3.91 billion.

M-Pesa posted a revenue growth of 18.2 per cent to Ksh35.52 billion.

Revenue generated from mobile data increased by 10.8 per cent to Ksh19.45 billion.

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Service revenue grew by 7.7 per cent to Ksh118.21 billion while voice service revenue grew by 1.4 per cent to Ksh48.03 billion.

“During the same period we also sustained over 890,000 jobs both directly and indirectly, including over 6,000 employees, 50 per cent of whom are women, and 1.7% of whom are people living with disabilities,” said Safaricom CEO Bob Collymore.

This shows you how much we are paying to the government and these charges are being pushed to the consumer as well,” said Safaricom chairman Nicholas Ng’ang’a.