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Safaricom lines ring in Sh31.5b in six months

Safaricom CEO Bob Collymore during the announcement of audited results for the period ended 30th September 2018. [Wilberforce Okwiri, Standard]

Mobile service provider Safaricom has maintained its position as Kenya’s most profitable company, announcing a 20.2 per cent rise in half-year net profit.

The telco in its financial results released yesterday said profit after tax hit Sh31.5 billion for the first six months of the 2018/2019 financial year driven largely by growth in its mobile money transfer service M-Pesa and data services.

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