Prime

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

Safaricom CEO Bob Collymore addressing investors via video link during the company's full year investor briefing on May 9, 2018. PHOTO | DIANA NGILA | NMG

By  BD REPORTER  &  JACQUELINE KUBANIA

Safaricom #ticker:SCOM 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.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.

Get it First!

Stay up to date on the editors' picks of the week.

Latest

  1. PRIME Regulator, Kenya Re clash over Sh3.3bn mystery ARM stake

  2. PRIME Google's Africa policy chief on regulating AI without stifling innovation

  3. PRIME Mombasa gets more visitors from Italy than Kisumu

  4. PRIME CBK inflation forecasts struggle to keep pace with price shocks

In the headlines

View All