South Africa’s Vodacom H1 earnings inch up 1%

JOHANNESBURG   – South Africa’s Vodacom Group posted a 1.1 percent rise in half-year earnings on Monday, while net profit increased 7 percent, boosted by the acquisition of Safaricom.

Headline earnings per share – the main profit measure in South Africa that strips out certain one-off items – came in at 445 cents in the six-months ended September, compared with 440 cents a year earlier.

Vodacom, a unit of UK-based Vodafone, declared an interim dividend per share of 390 cents, slightly changed from the previous year.

Vodafone consolidated two of its African interests in May with the transfer of a 35 percent stake in Kenya’s Safaricom to majority-owned South African subsidiary Vodacom.(Reuters)

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