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Safaricom has announced a 47 per cent rise in its pre-tax profit to US$304mn, with profit after tax increasing 39 per cent from the previous year to $209mn

Safaricom announced its full year financial results this week at the company's headquarters in Nairobi, Kenya.

According to CIO East Africa, the results will lead to the largest dividend in Kenyan history, which went up 41 per cent from the previous year to $148mn.

Safaricom still managed to increase its customer base by 1.84 per cent to 19.42mn, despite losing 1.42mn customers due to regulatory requirements requiring the company to block counterfeit mobile phones on its network.

Total revenues for the year were up from $1.28bn to $1.48bn, a 16 per cent rise.

It was also revealed that Safaricom now has 7.13mn data users, 37 per cent of its total customer base. This amounted to a 56 per cent year-on-year increase.

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