Vodacom annual profit jumps 22.9 percent on Africa growth
Vodacom reported a 22.9 percent rise in annual profit as growth in Africa offset costs in South Africa. Headline earnings per share reached 10.53 rand.
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VODACOM GROUP LTD reported a 22.9% jump in full-year profit as continental growth offset a decline in its home market. Headline earnings per share rose to 10.53 rand for the year ended March 31, up from 8.57 rand previously. Africa-wide expansion across Egypt, Tanzania, the Democratic Republic of the Congo, and Lesotho sustained earnings despite a one-off settlement in South Africa.
