Vodacom full-year profit surges 22.9% on Africa-wide growth
JOHANNESBURG: South African mobile telecoms operator Vodacom Group reported a 22.9% jump in full-year profit on Monday as growth from its businesses on the continent offset a decline in its home market, where it booked a one-off cost in the first half.
The company, majority owned by Britain’s Vodafone, said its headline earnings per share (HEPS), a key profit measure in South Africa, jumped to 10.53 rand in the full year period ended March 31, up from 8.57 rand a year earlier.
