Vodacom records H1 uptick in headline earnings
JSE-listed Vodacom on Monday posted a 1.1% uptick in headline earnings a share to 445c for the first half of the financial year.
In the six months ended September 30, group earnings before interest and taxes contracted by 0.2% to R10.8-billion, as a result of higher growth in depreciation and amortisation charges.
The acquisition of a 34.94% interest in Safaricom contributed R349-million profit for the first two months, boosting the group’s net profit by 7% to R6.7-billion, said Vodacom Group CEO Shameel Joosub.
Group revenue increased by 4.6% to R42-billion, while group service revenue expanded 2% to R34.7-billion during the period under review.
Normalised service revenue grew by 4.6%, boosted by a strong increase in customer gains in South Africa and significant gains in data and M-Pesa revenue internationally.
The South African operations posted revenue growth of 7.7% on the back of stronger device sales, with service revenue rising 4.7% to R26.7-billion.
Revenue for international operations declined 5.2% and service revenue declined 4.8%; however, on a normalised basis, revenue and service revenue grew 5% and 5.5% respectively.
“Our investment in a new M-Pesa platform has had an immediate impact, resulting in a 70.9% increase in transactions and an average of R24-billion processed through the enhanced system on a monthly basis,” he said.
Vodacom expected the Safaricom transaction to further drive M-Pesa development and penetration outside of South Africa.
Meanwhile, Vodacom added 4.3-million customers during the first half of the year, increasing its customers to more than 71-million.
Some 2.9-million new additions were recorded in South Africa and 1.4-million in the international operations.
Vodacom declared a half-year interim dividend per share of 390c.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...
VISIT SHOWROOM
Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
