Safaricom net profit for the full year ended March this year jumped 19.54 percent to Sh74.7 billion on strong M-Pesa and mobile data revenue growth that offset a decline in voice and messaging (SMS) revenues.
During period, Safaricom's M-Pesa revenue grew by 12.6 percent to Sh84.44 billion as mobile data revenue increased by 12.1 percent to Sh40.67 billion.
Voice service revenue (drawn from incoming and outgoing calls), which makes up the bulk of the telco’s revenues, declined 1.4 percent to Sh94.45 billion, while messaging income declined by 12.3 percent to Sh17.9 billion.
"The results reflect the commitment this customer centricity approach, with a steady growth in service revenue while mobile data is now back to double digit growth," said Safaricom former chief executive Michael Joseph.
