Safaricom has proposed to pay shareholders a record Sh30.48 billion dividend this year, a Sh4.84 billion or 18.87 per cent growth over last year's Sh25.64 billion. Total revenues rose 19.78 per cent to Sh195.68 billion up from Sh163.36 billion a year earlier. Capital expenditure will range between Sh32 billion and Sh33 billion, he added. Full-year net profit for the period ending March 31 jumped 19.55 per cent to Sh38.10 billion from Sh31.87 billion it reported in the previous year. The net earnings surpassed the Sh36 billion the company had projected for the fiscal year 2015-16, helped by continued growth in M-Pesa and data services.

Source: The Star May 11, 2016 21:18 UTC