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Kenya's Safaricom surpassed Ksh140 billion in earnings, driven by a 20% rise in operating profit.
Kenya's largest telecom firm, Safaricom, surpassed the billion-dollar mark in earnings for the first time, reaching Ksh.140 billion, driven by a 20% rise in operating profit.
The company's revenue increased 13.4% to Ksh335.3 billion, with M-Pesa contributing 40% to service revenue.
Net earnings dropped 23% to Sh42.6 billion due to a challenging operating environment and currency volatility.
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Safaricom de Kenia superó los 140.000 millones de chelines kenianos en ganancias, impulsado por un aumento del 20% en el beneficio operativo.