Safaricom's net profit for the full year ended March 31 increased to Sh45.1billion from Sh38.1billion in the same period last year,the company announced on Wednesday. Revenue from mobile data posted the highest growth of 38.5 per cent to Sh29.29 billion from Sh21.15 billion, while M-Pesa recorded 32.7 per cent growth to Sh45.08 billion from Sh41.50 billion. In 2016, Safaricom's net profit for six months through to September increased to Sh 23.93 billion from Sh18.08 billion in the same period in 2015. The telco attributed the 32.35 per cent growth to increased revenues from non-voice services, largely M-Pesa and data. More on this: Safaricom half year net profit hits Sh 23.93 billion

Source: The Star May 10, 2017 06:37 UTC