Safaricom reports Sh46billion pre-tax profits...Listed-telco Safaricom reported to investors the financial results of the 12 months ended March 31, 2015. It's core business remains the use of mobile networks to connect people via voice, text, internet and mobile financial services. Investors will be interested in the statement of income, which is a statement that expresses the operations of the company in financial terms during the period under discussion and reports if those operations were profitable or not. Sh164billion (US$1.72bn) was generated from all operations. Its revenue streams contributed as follows: Voice brought Sh87bn, SMS - Sh15.6b, Bundles - Sh15b, MPESA - Sh32b, Fixed line - Sh3b and other services Sh2.6b.The cost of generating those sales, including marketing and salaries came to Sh92billion. Factoring another Sh26bn for interest paid on loans it has taken, depreciation of its equipment and so on, the company made a Profit Before Tax of Sh46bn. It gave Sh14bn to the Exchequer as tax and reported to its shareholders a Net Profit (PAT) of Sh31.87bn. Its Board of Directors recommended that Sh25bn of this be returned to shareholders as dividends. Shareholders will each receive 64 cents per share. Going forward the company will focus more on its fastest growing services - Bundles and MPesa. It will push the Lipa na MPesa to more businesses, and will deploy its 4G network to push its TV decoder to get more people to spend money on mobile data. Investors will note that Free Cash Flow stood at Sh27bn. Going forward the company expects that the cash available to it will be reduced by Sh5.6bn for the construction of the National Police Network. The Statement of Financial Position shows Safaricom has assets of Sh104bn making it about 1/5th the size of KCB (Sh510bn assets) in real terms. Bob Collymore remains CEO for another two years until 2017 by resolution of the Board.