Safaricom’s half year net profit increases to Ksh. 31 Billion

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Safaricom has announced an increase in half year net profit to Ksh. 31 Billion up from Ksh. 26 Billion recorded during the same period in 2017.

There was all round in the Safaricom business with service revenue rising to Ksh. 118 Billion from Ksh. 109 Billion. This was driven by a rise in revenue for different market segments that include:

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  • Voice service (incoming and outgoing) revenue grew by 1.4% to KES 48.0bn.
  • M-PESA revenue growth of 18.2% to KES 35.5bn.
  • Mobile data revenue increased by 10.8% to KES 19.5bn.
  • Fixed service revenue increased by 21.0% to KES 3.9bn.

Other highlights of the period in question include:

  • Messaging revenue declined by 1.2% to stand at Ksh. 8.8 billion.
  • Customer number grew by 1.5% to 29.9 million.
  • Non-Voice service revenue (M-PESA/Messaging/Broadband/Other service revenue) increased to 59.4% of total service revenue
  • Mobile data customers who were active in the last 30 days increased by 3.8% to 17.59 million
  • M-PESA customers who were active in the last 30 days grew by 8.8% to 21.01 million.
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