The behemoth telecom's after-tax profit ballooned by 31.2 per cent over last year's Sh17.54 billion, buoyed by revenue growth as the customer base widened in the period.
"We have delivered a strong set of results today in all aspects of our business. There are more customers using our services and the average revenue per user increased across voice, SMS and M-Pesa," chief executive
Non-voice revenue chipped in 36 per cent of its total revenues, Collymore said, compared to 33 per cent in the previous year. Voice services contributed 60 per cent, down from 62 per cent previously. Four per cent of its revenues were generated from sale of devices, down from five per cent in the year ended
Voice revenue was however up 12 per cent to Sh86.3 billion, pushing
"Voice is still the dominant source of revenue but non-voice streams are rising fast on continued diversification," said
"M-Pesa represents half of all non-voice revenues," he said, adding that 34 per cent of all airtime top-ups in its network "were made via M-Pesa rather than cash".
The 51.6 per cent increase in dividend per share - an all-time high for the telco - means shareholders will take home Sh18.83 billion in total payout if they approve the proposal in the upcoming AGM. It will thus plough back Sh4.19 billion or 18.2 per cent of its net earnings into the business this financial year.
Retained earnings this year are thus lower than 2013's when it paid out Sh12.4 billion in dividends, retaining Sh5.14 billion.
The number of M-Pesa agents increased by 15,478 to 81,025 agents in the year.
"We hope to increase our active Lipan a M-Pesa merchants to over 100,000 this year," Collymore said.
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