Vodacom Group revenues climb 7.6%
South Africa-based Vodacom Group has reported consolidated revenues of ZAR31.75 billion (USD3.99 billion) for the six months ended 30 September 2011, up 7.6% on the corresponding year-earlier period. Vodacom’s domestic unit, Vodacom South Africa, accounted for ZAR23.50 billion in sales (up 4.7% year-on-year), with the firm’s international operations accounting for ZAR4.39 billion (up 13.3% year-on-year). Group EBITDA for the period grew 7.6% to ZAR10.54 billion, whilst net profit climbed 2.8% to ZAR4.39 billion. Meanwhile, CAPEX for the six-month period increased 67.7%, to ZAR3.46 billion.
In operational terms, Vodacom South Africa remains the firm’s largest unit by subscribers, with 28.91 million customers reported at the end of September, of which figure 23.47 million are pre-paid users. Elsewhere, Vodacom units in Tanzania, Democratic Republic of Congo, Mozambique and Lesotho all increased their subscriber bases in the three months ended 30 September. Tanzania grew its base to 10.27 million users, whilst Mozambique weighed in with 2.99 million customers and Democratic Republic of Congo contributed 4.78 million subscribers. Finally, Lesotho grew its mobile base to 944,000.
Vodacom CEO Pieter Uys commented: ‘I am really pleased with what we’ve achieved in the first six months of trading as the new ‘red’ Vodacom. [This year saw Vodacom re-branded in line with the red and white colour scheme used by parent company Vodafone, which secured a controlling stake in Vodacom in May 2009.] In South Africa, increased promotional activity and reduced data prices were well received, driving significant gains in both usage and customer numbers. Our average effective price per minute fell 24% and we also implemented a 22% reduction in average data prices. We’ve invested just under ZAR3.5 billion on our networks, making tangible improvements to both coverage and stability. In the second half of the year we aim to capitalise on all the steps taken to improve the customer experience, and prove to our customers that the change in colour really is just the beginning’.