South African telco Vodacom’s interim profit jumps 32% on solid service revenue

JOHANNESBURG: Vodacom Group, South Africa’s biggest telecoms operator, reported a nearly 33% jump in interim profit on Monday, driven by double-digit service revenue growth and expansion of its financial services.

The company, majority owned by Britain’s Vodafone, said its headline earnings per share (HEPS), a key profit measure in the country, jumped to 467 cents in the six-month period ended September 30, up from 353 cents last year.