The company made a record net profit of Sh55.3 billion on the back of M-Pesa and mobile data revenue growth. By CHARLES MWANIKIMore by this AuthorFor every second that passes the financial behemoth that is Safaricom adds another Sh1,778 to its bottom line. The company made a record net profit of Sh55.3 billion on the back of M-Pesa and mobile data revenue growth. Total revenue grew by a tenth to Sh233.7 billion, also a record by a Kenyan company. British telco Vodafone, which is the parent company of Vodacom, will pocket Sh2.2 billion from the five per cent stake it holds in Safaricom.

Source: Daily Nation May 09, 2018 21:45 UTC