Safaricom posts Sh71.7 billion profit after taxSafaricom CEO Peter NdegwaSafaricom has posted Sh71.7 billion profit after tax for the period ended March 31.The company’s annual earnings jumped 13.3 per cent before interest and taxation to Sh101.5 billion. During the period under review, mobile data revenue increased to Sh40.67 billion, M-pesa grew by 12.6 per cent to Sh84.44 billion. Voice and messaging services revenues, however, declined to Sh94.45 billion and Sh 17.19 billion respectively. The telco’s one-month overall customer base increased by 9.5 per cent to 28.6 million while the one-month active M-pesa customers increased 10.0 per cent to 24.91 million. The new campaign seeks to empower an extra one million customers to upgrade to 4G enabled devices in this financial year.

Source: Standard Digital April 29, 2020 07:18 UTC