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 2nd Friday November 2018.

Get Safaricom Half Year Results for Financial 2018, 2019 (Net income Summary) and full pdf
Get Safaricom Half Year Results for Financial 2018, 2019 (Net income Summary) and full pdf/Photo Source

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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