S.Africa Vodacom’s FY earnings rise, upgrades operating growth target

PUBLISHED: Tue, 18 May 2021 05:23:02 GMT
Share

JOHANNESBURG, May 18 (Reuters) – South Africa’s telecoms operator Vodacom Group reported a 3.7% rise in full-year earnings on Tuesday, and upgraded its medium-term operating growth target to mid-to-high-single digit.

Headline earnings per share (HEPS), the main profit measure in South Africa, rose to 980 cents in the year that ended March 31, from 945 cents a year earlier.

The operator said it upgraded its medium-term operating profit growth target from mid-single digit on improved growth prospects for its international business and Kenya’s Safaricom , which is part owned by Vodacom and Britain’s Vodafone . (Reporting by Nqobile Dludla; Editing by Jacqueline Wong)

(c) Copyright Thomson Reuters 2021. Click For Restrictions – https://agency.reuters.com/en/copyright.html

Sign Up for Our Newsletter Daily Update
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.