The Standard | by Frankline Sunday
Mobile service provider Safaricom has recorded Sh67.5b in after-tax profit for the financial year ended March 2022, with earnings from M-Pesa crossing the Sh100b mark for the first time.
The company’s earnings bounced back to pre-pandemic levels, posting a record Sh298b in total revenues even as a 40 per cent increase in income tax to Sh34b reduced after-tax profit by a marginal 1.7 per cent. The telco’s bottom line was also…
