12 °c
London
Tuesday, January 31, 2023
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

Vodacom Group revenue rises 4.5%

FurtherAfrica by FurtherAfrica
November 14, 2017
in Africa, Banking, Economy, Finance, Financial Inclusion, Tech, Telecom
Reading Time: 2 mins read
843 35
0
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

Vodacom Group has reported a 4.5 percent increase in revenue to ZAR 42.0 billion in the first half-year ending 30 September compared with ZAR 40.15 billion in the same period in 2016.

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. Group EBIT decreased 0.2 percent and the group EBIT margin decreased by 1.2 percentage points to 25.8 percent.

Net profit increased 7.0 percent to ZAR 6.71 billion compared with ZAR 6.27 billion in 2016, boosted by the Safaricom acquisition. Capital expenditure was ZAR 5.4 billion, representing 12.8 percent of revenue and headline earnings per share (HEPS) up 1.1 percent to ZAR 4.45 per share.

In international operations, the group said it normalised growth trends. Tanzania is delivering its turnaround strategy, accelerating revenue and customer growth, while Mozambique and Lesotho have executed a number of commercial actions, driving strong growth momentum.

In the DRC, economic weakness and decoupling of the Congolese Franc from the US dollar has hit consumer spending. Exchange rate volatility continues to dent reported growth in International operations.

Vodacom’s International operations added 1.4 million customers in the first half, reaching 31.1 million, up 11.4 percent. Service revenue declined by 4.8 percent to ZAR 8.3 billion in the first half; normalised for currency translation effects, growth was 5.5 percent. Service revenue growth was further underpinned by strong normalised growth in both data and M-Pesa revenue. Data revenue declined by 2.7 percent, with normalised growth of 6.6 percent, supported by an increase of 1.8 million data customers, to 14.8 million, up 23.3 percent. All markets grew by more than 20 percent, apart from the DRC.

In addition to increasing data network speeds and improving data coverage, the group said it retained a strong focus on providing customers with access to better, low-cost smart devices, by promoting Vodacom-branded devices. This is enabling higher smartphone penetration in all its markets, it said.

Data revenue comprised 13.6 percent (2017: 13.4%) of International operations’ service revenue. It continues to focus on improving data monetisation in all markets as demand grows rapidly.  M-Pesa revenue grew by 14.0 percent, with normalised growth of 27.2 percent. M-Pesa added 1.1 million customers in the first half of the year, reaching 14.8 million.

The new M-Pesa platform with enhanced technology has significantly improved stability, resulting in increased trust with customers, and 70.9 percent more transactions processed through the system. There has also been a steady uptake of its International Money Transfer services. EBIT increased 18.6 percent (2.2%) to ZAR 988 million, while the EBIT margin expanded by 2.3 percentage points to 11.5 percent.

Source: TelecomPaper

Related

Tags: money transferMpesarevenueSouth AfricaVodacom南アフリカ南非
ScanSendShare351Tweet220Share61Pin79Send
FurtherAfrica

FurtherAfrica

Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

Related Posts

Logistics

Angola, DRC and Zambia set up agency to boost Lobito Corridor

by FurtherAfrica
January 31, 2023
South African scientists discover new chemicals that kill malaria parasite
Health

WHO rewards South Africa for its malaria elimination efforts

by FurtherAfrica
January 31, 2023
Aid

Changing the internally displaced persons paradigm in Mozambique

by Rafael Carvalho
January 31, 2023
Economy

Agency banking in Nigeria impact of revised central bank circular on cash withdraw

by Aderonke Alex-Adedipe
January 31, 2023
Energy

Tullow Oil to invest US$10M in Kenya’s oil field development

by The Exchange
January 31, 2023
Platform Africa 2023
 
Mozambique eVisa
 
MozParks
 

Translate this page

Read the Latest

Logistics

Angola, DRC and Zambia set up agency to boost Lobito Corridor

by FurtherAfrica
January 31, 2023
0

A Tripartite Agreement among Angola, the Democratic Republic of Congo (DRC) and Zambia providing for boosting the circulation of goods...

Read more
South African scientists discover new chemicals that kill malaria parasite

WHO rewards South Africa for its malaria elimination efforts

January 31, 2023

Changing the internally displaced persons paradigm in Mozambique

January 31, 2023

Agency banking in Nigeria impact of revised central bank circular on cash withdraw

January 31, 2023

Tullow Oil to invest US$10M in Kenya’s oil field development

January 31, 2023

FurtherAfrica Partners Network

The Exchange Club of Mozambique Taarifa Rwanda
TechGist Africa Africa Oil & Power Farmers Review Africa
Tanzania Invest Zambia Invest See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
O Económico Digilogic Africa Web3Africa

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 99,619 other subscribers.
FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?