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Safaricom posts Sh26.2 billion net profit, now eyes regional market

Safaricom Chief Financial Officer Sateesh Kamath (left), Safaricom Chairman Nicholas Ng'ang'a(centre) & former Safaricom CEO Michael Joseph(right) when when telco released half-year results. (Photo: Wilberforce Okwiri/Standard)

Safaricom has reported a 9.5 per cent rise in net profit to Sh26.2 billion in the first half of the year ended September 2017 continuing its profit machine that has seen it remain East Africa’s most profitable company.

The telco defied a difficult economic environment due to the cloud of uncertainty that came with the prolonged electioneering period to grow its revenue by 12 per cent to Sh109.7 billion.

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