Kenya’s largest telecommunication network on Wednesday announced it’s Full Year results at the Michael Joseph center during the investors briefing.The company posted an annual profit of Sh55.29 billion.
This is a 14 percent growth in the year ending March 2018.Speaking from London via video link Safaricom’s CEO Bob Collymore announced of his return back to Kenya.He has been on medical leave since October last year, and noted that he was making good progress in his treatment and would be back as his doctors gave him an assurance that his immune system could withstand infections associated air travels.
“I look forward to being back in action in Nairobi soon,”said Collymore
“To achieve these results we sharpened our focus on putting our customers first, delivering relevant products and services, and organizational effectiveness; a strategy that was exceptionally well executed considering the challenging business climate last year,” said Mr. Collymore.
Safaricom reported net income growth of 14.1 percent to Sh55.29 billion for the year ending March 2018. Both M-Pesa and data grew to double digits. The sustained demand for data remains a key growth driver for the company, with mobile data revenue increasing by 24pc to Sh36.36 billion.