Safaricom's full-year net profit for the period ending March 31 jumped 19.55 per cent to Sh38.1 billion from Sh31.87 billion the previous year. Total revenues rose 19.78 per cent to Sh195.68 billion, the mobile network provider said on Wednesday morning, up from Sh163.36 billion a year earlier. The two rose 27.71 per cent and 22.04 per cent respectively to Sh41.50 billion and Sh3.82 billion. The net earnings were above the Sh36 billion the telecommunications firm had projected for the year, helped by continued growth in M-Pesa and data services. Mobile data posted the highest growth of 42.71 per cent to Sh21.15 billion, followed by M-Pesa and fixed service revenues.

Source: The Star May 11, 2016 01:26 UTC