Safaricom profit drops 6pc to Sh33bn on free M-Pesa transactions

safaricom plc
Share
  •  
  •  
  •  
  •  
  •  
  •  

Business Daily | by Patrick Alushula

Safaricom half-year net profit fell six percent to Sh33.07 billion with M-Pesa revenue dropping the most on account of free transactions to support customers during Covid-19 period.

The results, covering between April and September also saw voice and messaging revenue dip in the period that coincided with rising Covid-19 infections that forced the state to enforce disruptive measures such as curfew and ban on social gatherings.

M-Pesa revenue dropped by Sh6.08 billion while voice and messaging revenues dipped by…

Read more…


Share
  •  
  •  
  •  
  •  
  •  
  •  

LEAVE A REPLY

Please enter your comment!
Please enter your name here