Vodacom half-year profit surges 25.7% on Africa-wide growth, Safaricom deal
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Vodacom Group reported a 25.7% jump in half-year profit on Tuesday.
- ✓The South African mobile operator said growth across its markets and a fuller contribution from Kenya's Safaricom helped the firm.
- ✓Vodacom got a boost after the acquisition of a further 20% stake in the Kenyan company during this period.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Reuters
- Reading Speed
- 1 Minute(s)
- Market Focus
- India Economy
JOHANNESBURG, Nov 10 (Reuters) - South African mobile telecoms operator Vodacom Group (VODJ.J), opens new tab 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 (SCOM.NR), opens new tab following the acquisition of a further 20% stake.
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Reporting by Nqobile Dludla; Editing by Tom Hogue and Jochelle Mendonca
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Nqobile is a Johannesburg-based reporter covering the South African retail, telecom and tech sectors. She has been a journalists for about 10 years. She joined Reuters in 2015 and has covered a variety of beats ranging from pharma, health to property and banking.
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