A Safaricom shop. [Photo/Kahawa Tungu]

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Telecommunication giant Safaricom has announced a 9.5 percent increase in net profit.

Safaricom chief Financial Officer Sateesh Kamath said the increase stands at Sh26.2 billion from Sh21.6 billion for the period ending September 30.

Voice revenue which is the firm's still biggest income stream, grew from Sh45.7 billion to Sh47.35 billion; M-PESA revenues went up by 16.2 percent to Sh30.05 billion; while data income rose to Sh17.55 billion from Sh13.4 billion.

Kamath who took over from CEO Bob Collymore in an Acting capacity after he went on months leave, said mobile data and Mpesa were becoming the company's engines of growth.

The results were released Friday morning.