Poor global economic environment and hard local trading conditions had also prompted the directors to set conservative budgets for the year ahead. <\/p>\n
Celcom sells airtime, cellphone accessories and ring tones and clocked up revenue of R1bn for the year to June 30. That was up 46% from R694m, though its previous results covered a 15-month trading period to last June. <\/p>\n
The revenue growth was largely due to the inclusion of the V Cellular retail stores, which accounted for 24% of the growth, while higher sales of prepaid virtual vouchers accounted for 18% of the growth. The gross profit margin stands at 9,7%, and after-tax profit climbed 55% to R3,7m from R2,3m a year ago. Headline earnings per share were almost flat at 1,38c, though that was 25% up on an annualised basis. <\/p>\n
CEO Stefano Brachini said this financial year should see better results as the group will benefit from a full year of trading from the 50,5% stake in Celcom Uganda that Celcom acquired in May. That business presented an opportunity to obtain a significant distribution footprint in the fast-growing Ugandan telecoms market. Celcom’s results consolidated the input from Uganda for June this year, where the division suffered a loss of R76000 on revenue of R19m. <\/p>\n
A year ago Celcom also reported poor trading conditions, blaming its dip in performance partly on the attractive give-aways that rival retailers offered with their cellular contracts, and on the importing of cheaper counterfeit accessories. <\/p>\n
Its shares closed at 37c yesterday, well down from their listing price of R1 in 2006. <\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
CELLPHONE distribution company Celcom has retained an after-tax profit of just R3m on turnover of R1bn, and says it is working to improve cost management, operational efficiencies and performance levels. <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-5432","post","type-post","status-publish","format-standard","hentry","category-cellular"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/5432"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=5432"}],"version-history":[{"count":0,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/5432\/revisions"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=5432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=5432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=5432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}