Safaricom reported a 38 per cent jump in profits after tax to hit Sh32 billion in the year ending March 2015 extending its lead as the most profitable company in the region. This means the telco was making Sh87.7 million per day which translates to Sh3.6 million every hour in profits alone.
Shareholders will now receive a Sh25.6 billion dividend cheque or 64 cents per share. The total dividend payout represents 80 per cent of Safaricom’s net income. The mobile firm grew its revenues by 13 per cent in the year under review to Sh163.4 billion. Its service revenue grew by a similar margin to Sh156 billion, while voice revenue was up four per cent to Sh87 billion. Non-voice revenue rose 27 per cent to Sh68.8 billion.
