Subscribe

Vodacom subscribers grow to 30m

Staff Writer
By Staff Writer, ITWeb
Johannesburg, 29 May 2007

Mobile operator Vodacom Group has increased its subscriber base to 30.2 million - a surge of 28.2% - during the past financial year.

In a trading update this morning, CEO Alan Knott-Craig released figures for the year to 31 March, ahead of the group's annual financial results presentation on 13 June.

Knott-Craig revealed revenue increased by 20.9%, to R41.1 billion; profit from operations increased by 22.5%, to R10.9 billion, while EBITDA rose by 20.5%, to R14.2 billion.

The company reported cash generated from operations increased by 25%, to R13.9 billion.

"Our 50% shareholder, Vodafone, will report financial results for the same period today. As this presentation will include strategic financial information about the Vodacom Group, we have repeated this information in our own press release to ensure clarity," Knott-Craig said.

Share