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

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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.

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