Safaricom Half Year Results for Financial 2018/2019 (Net income Summary)

This is a summary of Safaricom Financial Year 2018/2019 Half Years Results for the month ended September 2018 and other announcements made on 2^nd Friday November 2018.

Summary of Safaricom Half Year Results 2018/2019

Summary of results released  by Safaricom on 2nd November;

• Number of Customers increased by 1.5% to 29.94m from 29 (September 2017 to September 2018)
• M-PESA customers who were active in the last 30 days grew by 8.8% to 21.01m from  19.31m
• Voice service/Calls revenue increased by 1.4% from Kshs 47.35bn to Kshs 48.03bn
• Messaging/SMS revenue decreased by 1.2% from Kshs 8.92bn to Kshs 8.81bn
• Mobile data Use revenue increased by 10.8% from Kshs 17.55bn to Kshs 19.45bn
• M-PESA revenue increased by 18.2% from Kshs 30.05bn to Kshs 35.52bn
• Net income increased by 20.2% from Kshs 26.20bn to Kshs 31.50 billion

Talking points during the Half Year Results announcement

This is what Safaricom had to say during the announcement of its half year results;

• M-PESA was the main driver of growth for the period, accounting for nearly two thirds of the 7.7% point increase, and growing 18.2%
• M-PESA now accounts for 30.0% of service revenue, indicating the resilience in our business model vis a vis a traditional telco.
• There was a significant acceleration in growth across all areas. Lipa Na M-PESA revenues have returned to growth this year following the investment made last year, recording an increase of 49.9% YoY compared to 0.9% last year.

PDF of Safaricom 2018 Half Year Results

Download the complete pdf of the report from: Safaricom Financial Year Results

More information available at safaricom official website: https://www.safaricom.co.ke

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