Safaricom’s net profit for six months through to September increased to Sh 23.93 billion from Sh18.08 billion in the same period last year, the company announced Friday morning.
The giant telco attributed the 32.35 per cent growth to increased revenues from non-voice services, largely M-Pesa and data.
Chief executive Bob Collymore attributed the performance to increased use of non-voice sevices which now account for 52.3 per cent of its total income.
Total revenues rose 5.02 per cent to Sh102.1 billion from Sh197.22 billion a year earlier.
“Safaricom is the only Kenyan Company and one of the 400 companies in Africa making over $1 billion revenues in a year,” Safaricom Chief Executive Officer Bob Collymore said during the release of the results.