Safaricom sees 6.7% rise in net profit - Mobile World Live

Safaricom sees 6.7% rise in net profit

04 NOV 2009

Kenya’s leading mobile operator by subscribers Safaricom has reported net profit of KES6.63 billion (US$84.15 million) for the six months ended 30 September 2009, up 6.7 percent from KES6.21 billion in the same period a year earlier, notes TeleGeography. Consolidated revenues for the period climbed by 17.8 percent year-on-year to KES40.6 billion as customers flocked to the firm’s M-PESA mobile payment scheme.

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