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Safaricom has posted its first profit rise in three years even as its operating profit saw it become the first company in the region to hit past the billion-dollar mark in earnings.
The net profit for the full year to March rose 1.2 percent to Sh62.99 billion, compared to Sh52.48 billion posted in a similar period last year.
Sh75bn tax bill stalls M-Pesa split from Safaricom Safaricoms half-year net profit up 2.1pc to Sh34.2 billionThe operating profit surged 20 percent to Sh139.9 billion in earnings before interest and tax.
We are extremely pleased with what we have been able to achieve as a group despite the significant startup costs in our Ethiopia business. We expect that from 2025, Ethiopia will start being a significant growth contributor at group level for both top and bottom line.
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