×
App Icon
The Standard e-Paper
Kenya's Bold Newspaper
★★★★ - on Play Store
Download Now

Safaricom net profit jumps to Sh34.2b on increased lending

Vocalize Pre-Player Loader

Audio By Vocalize

Safaricom Chief Financial Officer Dilip Pal. [Wilberforce Okwiri, Standard]

Leading telecommunications service provider Safaricom Group posted Sh34.2 billion in profit after tax for the first half of this year on the back of growth in its lending and mobile data divisions.

According to the company's half-year results released yesterday, service revenue stood at Sh157 billion, representing an 8.5 per cent growth compared to last year.

Premium Article

Get Full Access for Ksh299/Week.

Uncover the stories others won't tell. Subscribe now for exclusive access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Business
Airtel takes on Safaricom with Sh5.6b data centre
Business
Lokichar-Lamu crude pipeline plan still on, says Treasury
By Brian Ngugi 21 hrs ago
Business
Employers warn of rising costs, urge Ruto to protect jobs
By AFP 1 day ago
Business
British Airways parent says Mideast war to hit annual profits