Safaricom recorded a 12 per cent increase in profit after tax to Sh37 billion in the first six months of the 2021/2022 Financial year as business recovery from the Covid-19 pandemic spurred M-Pesa payments and data usage.
The telco’s M-Pesa revenue grew by 45.8 per cent in the first half (April-September), due to the return to charging in January this year.
Safaricom CEO Peter Ndegwa attributed the growth to digital financial services saying: “We continue leveraging on technological innovation to enhance access to financial services for consumers and enterprise customers.”
Information from the organization's most recent monetary reports additionally show that the organization's administration income for the period under survey became 16.9 percent to sit at Sh138.4 billion fundamentally determined by income from M-Pesa and versatile information.
"Administration income became 16.9 percent in the primary half-year of 2021/22 upheld by solid execution, recuperation in M-Pesa income following the re-visitation of charging on individual to individual and Lipa na M-Pesa exchanges underneath Sh1,000, and further developed buyer certainty and business action in the economy," Ndegwa said.
Voice income went up 3.2 percent year-on-year to record Sh41 billion while profit from short messages recorded a 18 percent decay to Sh5.8 billion in the period under survey.
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