Vodacom has released its financial results for the year ended 31 March 2017.
The results show that group service revenue was up 2.3%, while South Africa’s service revenue increased 5.6%.
The improvement in local service revenue was contributed to by the net addition of 3 million customers, said Vodacom.
Vodacom South Africa now has 37.1 million customers, up from 34.1 million in 2016. Its customer base now consists of:
- Prepaid – 32 million
- Contract – 5.1 million
Vodacom’s Group’s international service revenue declined by 5.6%, while Group data revenue was up 16.4% – supported by a strategy of data network investment and device migration.
“Group EBITDA grew 2.9% to R31.2 billion, with margins improving by 0.5ppts to 38.4%,” said Vodacom.
Vodacom also spent R11.2 billion on capital expenditure, with a focus on data expansion and IT, in the period.
Headline earnings per share are up 4.5% to 923 cents per share.