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Safaricom: KES 7.8 billion half year profit

08 November 2012, 17:04

Nairobi - Telecom firm Safaricom 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.

Announcing their results on Thursday reported KES 7.8 billion in profits, significantly higher than KES 4 billion made during a similar period last year, Daily Nation reports.

At the time, profit had fallen by more than 47 per cent as Safaricom experienced the ravages of a price war in the Kenyan telecom sector.

- For more visit Daily Nation

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