Safaricom rings up Sh24b in six months as data use rise

CEO Safaricom Bob Collymore (centre) is accompanied by Sateesh Kamath Chief Financial officer at Safaricom and Nicholas Ng'anga'. Safaricom mobile phone subscribers earned the company half a billion shillings every day during the six months period to September 30. (PHOTO: COURTESY)

Safaricom earned half a billion shillings everyday from mobile phone subscribers during the six-month period running up to September 30. The telecommunications firm made a net profit of Sh23.9 billion, retaining the top spot as the most profitable company in the region.Safaricom mobile phone subscribers earned the company half a billion hillings every day during the six months period to September 30. This earned the telecommunications firm a massive Sh102 billion in total revenue for the half year compared to Sh97.2 billion over the same period last year.

It further made a net profit of Sh23.9 billion, retaining the top spot as the most profitable company in the region. This means the firm was making on average a daily profit of Sh132 million.