{"id":474200,"date":"2021-11-10T14:09:53","date_gmt":"2021-11-10T14:09:53","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=474200"},"modified":"2021-11-10T14:09:53","modified_gmt":"2021-11-10T14:09:53","slug":"kenya-safaricom-posts-net-profit-up-12-1-in-third-quarter-2021","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2021\/11\/10\/kenya-safaricom-posts-net-profit-up-12-1-in-third-quarter-2021\/","title":{"rendered":"Kenya: Safaricom posts net profit up 12.1% in third quarter 2021"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>Safaricom achieved net profit up 12.1% to 37.05 billion shillings (332 million USD) in the first nine months of the year, according to financial results released by Kenya&#8217;s largest telecommunications provider .<\/p>\n<p>This performance is due to the increase in income of M-Pesa (the microfinance and mobile money transfer service) which took advantage of the end of free transactions decided by the State to support clients during the period. of Covid-19.<\/p>\n<p>M-Pesa&#8217;s revenue jumped 45.8% to 52.3 billion shillings (468 million USD), supported by the return to billing of transactions below 1,000 shillings (8.96 USD) in January. The platform also benefited from improved business activity contributing to a 16.9% increase in service revenues to 138.4 billion shillings (1.2 billion USD).<\/p>\n<p>In addition, between April and September, voice and messaging revenues increased thanks to the lifting of Covid-19 restrictions.<\/p>\n<p>\u201cThe growth in services revenue was primarily attributed to M-Pesa revenue as well as the mobile data, voice and landline businesses,\u201d Safaricom CFO Dilip Pal said in a briefing with investors this Wednesday, November 10.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Safaricom achieved net profit up 12.1% to 37.05 billion shillings (332 million USD) in the first nine months of the year, according to financial results released by Kenya&#8217;s largest telecommunications provider . This performance is due to the increase in income of M-Pesa (the microfinance and mobile money transfer service) which took advantage of the<\/p>\n","protected":false},"author":536116,"featured_media":474201,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[16068,12012],"tags":[20153,53,18379,2438,20154],"class_list":{"0":"post-474200","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-fintech-telecom","8":"category-telecoms-en","9":"tag-12-1","10":"tag-kenya","11":"tag-net-profit","12":"tag-safaricom","13":"tag-third-quarter-2021","14":"post_format-post-format-aside","15":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Kenya: Safaricom posts net profit up 12.1% in third quarter 2021 - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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