Safaricom posts Sh7.8 billion half year profitimg]http://www.nation.co.ke/image/view/-/1615160/medRes/422553/-/maxw/600/-/y68fviz/-/collymore.jpg[/img]
Safaricom's total revenue grew by 19 per cent to Sh59 million
Telecom firm has rebounded to post a 94 per cent jump in after tax profits in its half-year profits driven by a growing customer base, easing inflation and a stable exchange rate.
Safaricom on Thursday reported Sh7.8 billion in profits, significantly higher than Sh4 billion made during a similar period last year.
“We are relieved to have recovered from the damaging price wars. We are now focusing on customer growth,” said Safaricom CEO Bob Collymore.
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