VODACOM POSTS 6.3% RISE IN FY REVENUE ON RISING USER BASE

JOHANNESBURG-  Vodacom Group posted a 6.3% rise in full-year revenue on Monday as South Africa’s biggest mobile phone operator by market value added more customers in its domestic market.

Vodacom is majority owned by British company Vodafone, added 7 million new customers, many of them 4.5 million were from South Africa in year ending 31 March.

The numbers in the company are now more than 103 million customers, that includes Kenyan firm Safaricom’s 1.4 million users. Vodacom gained a 35% stake in Kenya’s Safaricom as Vodafone consolidated two of its African interests last May.

Vodacom said that their final dividends were 425 cents per share, lower than 435 cents given out last year. The entire year it declared a total dividend of 815 cents per share, compared with 830 cents in the previous year.

Their revenue increased to R86.37 billion from R81.28 billion last year and group service revenue grew 34% to R70.63 billion.

Photo Credit- BusinessTech

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