Safaricom 6M revenues increase 17% to KES69.2bn; net income up 45%

7 Nov 2013

Safaricom, Kenya’s largest mobile operator by subscribers, has reported revenues of KES62.2 billion (USD796.6 million) for the six months ended 30 September 2013, up 17% year-on-year. EBITDA for the first-half increased 29.4% to KES28.9 billion, while net income surged 44.9% to KES11.3 billion.

In operational terms, Safaricom claimed 20.82 million mobile subscribers by the end of 3Q13, up 8.3% y-o-y. Meanwhile, Safaricom said that 18.15 million subscribers are now registered to its M-PESA wireless money transfer system, up 19.2% y-o-y. However, of these only 11.55 million were said to be active within the previous 30 days.

The telco reported just 6,932 fixed broadband customers, while ‘mobile data’ (3G) users reached 8.48 million. Safaricom said its network comprised a total of 2,984 2G cell sites, 1,650 3G base transceiver stations (BTS) and 187 WiMAX BTS at 30 September.

Kenya, Safaricom