Vodacom profit down

[rpm]

Vodacom profit down

Vodacom's first half profit has decreased, the mobile phone company said on Monday as it announced interim results for the six months ended September 30.

 

[LazyLion]

But we are still having the conference on Thursday right?

 

[Fantastic1]

But we are still having the conference on Thursday right?

yeah but dont expect any freeebies at the conference and expect basic finger snacks only, and pay for your own drinks

they might be an entrance fee to increase some revenue

 

[rpm]

yeah but dont expect any freeebies at the conference and expect basic finger snacks only, and pay for your own drinks they might be an entrance fee to increase some revenue

We will try to minimize the impact

BTW: Lots of goodies on offer, and free drinks a must! I think last year's bar bill may have negatively impacted Vodacom's profit

 

[sox63]

Its interesting to note that the main reasons cited for the drop in profit have to do with their African expansion programes. As an investor, it makes me a bit apprehensive about investing in them. Who knows what other issues are going to pop as they learn to make their way on the continent.

My money is staying with MTN for now.