Vodacom sees 17% rise in revenues

28 May 2008

South Africa’s Vodacom group has reported a 17% rise in revenues for its financial year to the end of March on the back of a 13% increase in subscriber numbers. The firm, a joint venture between Vodafone of the UK and Telkom South Africa, saw sales of ZAR48.2 billion (USD6.3 billion), while earnings before interest, taxes, depreciation and amortisation (EBITDA) were up 18% at ZAR16.3 billion. Customer numbers across its operations in South Africa, Tanzania, the Democratic Republic of the Congo, Lesotho and Mozambique increased 12.7% year-on-year to 34 million. The group’s full annual financial results will be released on 9 June.

South Africa, Vodacom Group