Kenya’s Largest Listed compoany, Safaricom Limited has posted a 19.6% increase in Net Income to Kshs 38.1 Billion for the Full Year Ending March 2016. The Growth was mainly supported by Income from Mpesa & Mobile Data.
KEY HIGHLIGHTS
- Service revenue growth of 13.8% to Kshs 177.8 Billion
- .7.8% increase in total customer base to 25.2Million.
- Voice service revenue grew by 3.9% to Kshs 90.8Bilion.
- Messaging (SMS) revenue grew by 10.6% to Kshs 17.3 Billion.
- M-PESA revenue increased by 27.2% to Kshs 41.5 Billion.
- 19.8% increase in 30 day active M-PESA customers to 16.6 Million.
- 42.7% growth in mobile data revenue to Kshs 21.2bn.
- 21.5% increase in 30 day active mobile data customers to 14.1 Million.
- Fixed service revenue growth of 22.0% to Kshs 3.8bn.
- Free Cash Flow grew by 10.3% to Kshs 30.4 Billion attributed to favorable trading results.
- 16.7% growth in EBITDA to Kshs 83.1 Billion
“Our continued focus on the three strategic pillars; putting customers‟ first, providing relevant products and enhancing operational excellence, has resulted in an 8% growth of our loyal customer base generating strong financial and commercial performance.” Said Safaricom CEO Mr Bob Collymore
Dividend & Future Expectations
The company expects its EBITDA for FY17 to be in the range of Kshs 89 Billion to 92 Billion, and capital expenditure to be in the range of Kshs 32 Billion to 33 Billion.
The board proposed a dividend payout of 0.76 shillings per share, up 19% from a year earlier. Total Dividend Payment amounts to KES 30 Billion.
Download; Safaricom Full Year 2016 Results.pdf
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