Vodacom Reported 4.5 Percent Increase in Revenue in First-Half Year

Vodacom Reported 4.5 Percent Increase in Revenue in First-Half Year

At the end of September, Vodacom Group has stated a 4.5 percent increase in revenue for the first half year. The group added 4.3 million customers during the first half, 2.9 million in South Africa and 1.4 million in its international operations, to reach just over 71 million customers, up 11.8 percent. Vodacom’s International operations added 1.4 million customers in the first half, reaching 31.1 million, up 11.4 percent. Vodacom Reported 4.5 Percent Increase in Revenue in First-Half Year

Furthermore, group EBIT reduced 0.2 percent, and the EBIT margin declined by 1.2 percentage points to 25.8 percent. Additionally, net profit increased 7.0 percent to ZAR 6.71 billion compared with ZAR 6.27 billion in 2016.

Vodacom Reported 4.5 Percent Increase in Revenue in First-Half Year

Service revenue declined by 4.8 percent to ZAR 8.3 billion in the first half; regularized for currency translation effects, growth was 5.5 percent. Service revenue growth was further underpinned by strong standardized growth in both data and M-Pesa revenue. Moreover, data revenue declined by 2.7 percent, with normalized growth of 6.6 percent, supported by an increase of 1.8 million data customers, to 14.8 million, up 23.3 percent.

Data revenue included 13.6 percent of International operations’ service revenue. It continues to focus on improving data monetization in all markets as demand grows rapidly.  M-Pesa revenue grew by 14.0 percent, with normalized growth of 27.2 percent. M-Pesa added 1.1 million customers in the first half of the year, reaching 14.8 million.

For more technology news, visit

COMMENTS

WORDPRESS: 0
DISQUS: 0