Safaricom full-year profit rises 27.1pc to $470m

Kenya's telecommunications firm Safaricom has announced a 27.1 per cent net profit rise to Ksh48.4 billion ($470 million) in the year to March 2017.

The net income includes a one-off adjustment of Ksh3.3 billion ($32 million) -- which Safaricom said was a write-back of a legal cost provision that had not materialised.