By David Mugwe
In Summary
- Safaricom Tuesday said that its net income rose to Sh11.26 billion during the six months period ended September 2013 from Sh7.77 billion over the same period of time last year.
Telecommunications firm Safaricom
has posted a 44.8 per cent increase in profit after tax in the six
months ended September this year buoyed by increased revenues and a
sharp drop in finance costs.
The company on Tuesday said that its net income
rose to Sh11.26 billion during the six months period ended September
2013 from Sh7.77 billion over the same period of time last year.
Safaricom posted a 17.1 per cent increase in
revenues to Sh69.2 billion between April and September this year
compared to Sh59.11 billion posted over the same period in 2012.
This was driven by a 12 per cent increase in voice
revenue to Sh41.9 billion, a 30 per cent increase in non-voice revenue
to Sh24.3 billion while revenues from handset sales and acquisitions
accounted for the balance.
“Voice is our core business with a 79.5 per cent
market share of voice traffic as per the Communications Commission of
Kenya March 2013 statistics. Voice revenues grew on the back of a
growing customer base which now stands at 20.8 million, a better network
experience, convenient airtime distribution and attractive consumer
propositions and promotions,” said Bob Collymore, Safaricom's chief
executive officer.
M-Pesa revenues jumped by 19.85 per cent to Sh12.5
billion, while the number of registered customers for the money
transfer service rose by 19.17 per cent to 18.15 million.
Mr Collymore said that the number of M-Pesa agent
outlets jumped by 73 per cent in the six months period to 78,856
increasing accessibility of the service to customers.
The telecommunications firm also launched a new
service dubbed Lipa na M-Pesa which enables cashless merchant payments
and allows customers to pay for services at small retailers for free.
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