Vodacom half-year profit surges 25.7% on Africa-wide growth, Safaricom deal

JOHANNESBURG: South African mobile telecoms operator Vodacom Group reported a 25.7% jump in half-year profit on Tuesday helped by growth across its markets and a fuller contribution from Kenya’s Safaricom following the acquisition of a further 20% stake.

The company, majority owned by Britain’s Vodafone, said its headline earnings per share jumped to 5.87 rand in the six months ended September 30 from 4.67 rand a year earlier.