Safaricom full-year profit hits Sh55.3bn, Bob makes comeback

Safaricom full-year profit hits Sh55.3bn, Bob makes comeback

- in Business, News

Safaricom has announced Wednesday that its net profit for the year ended March 2018 grew to Sh55.3 billion, compared to Sh48.4 billion the year before on the back of M-Pesa and data revenues.

This represents a 14.3 per cent growth of its full-year after-tax earnings.

M-Pesa revenue grew 14.2 per cent to sh62.9 billion while mobile data was up 24 per cent to sh36.4 billion in the period.

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