Safaricom HQ
Image Credit: Kachwanya.com

Safaricom, one of the biggest telecoms in the East African region has released its financial results (audited financial statements for the financial year ended 31 March 2017) which shows a steady and string growth in the business. And, they have the numbers to prove this.  The Kenyan carrier reported that customer numbers have increased by 11.8% to 28.13m as at 31 March 2017 from 25.16m as at 31 March 2016.
Mobile data customers who were active in the last 30 days increased by 18.1% to 16.64m as at 31 March 2017, from 14.08m as at 31 March 2016.
The leading Mobile Money service in Africa, M-PESA’s customer base grew by 14.6% from 16.60m to 19.02m as at 31 March 2017 .

Performance by service revenues in the period ended 31 March 2017 .

  1. Service revenue increased by 14.8% from KShs. 177.78bn to KShs. 204.11bn
  2. Voice service revenue increased by 2.9% from KShs. 90.80bn to KShs. 93.46bn
  3. Messaging (SMS) revenue declined by 3.7% from KShs. 17.33bn to KShs. 16.68bn
  4. Mobile data revenue increased by 38.5% from KShs. 21.15bn to KShs. 29.29bn
  5. Fixed service revenue increased by 37.4% from KShs. 3.82bn to KShs. 5.24bn
  6. M-PESA revenue grew by 32.7% from KShs. 41.50bn to KShs. 55.08bn
  7. Non-voice service revenue (M-PESA/SMS/Broadband/other service revenue) increased from 48.9% to 54.2%.

 

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Safaricom Financials March 2017
Safaricom’s Net income increased by 27.1% from KShs. 38.10bn to KShs. 48.44bn for the year ended 31 March 2017. Excluding the one-off adjustment, growth was 18.3%.
They were able to payout normal dividends of to a tune of KShs. 38.86bn and special dividend of KShs. 27.24bn (KShs 0.68 per share).

Just like MTN in Uganda, Safaricom continues to be a major contributor to the revenues of the Government and remitted KShs. 84.25bn in duties, taxes and license fees for the period ended 31 March 2017. This increased the total duties, taxes and fees paid since inception to KShs. 492.74bn. This is in addition to dividends totalling to KShs. 63.80bn including proposed dividends for this financial year payable to the Government.

These results officially cement Safaricom as one of the largest telecom in the region which a lot of potential from growth.

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