"Net profit increased 18.6%, boosted by the Safaricom acquisition and by the profit from the sale of Helios Towers Tanzania Limited".
"ARPU was also impacted by changes in deal structures in the first half of the year, and a reduction of the out-of-bundle data rates in October 2017", said Joosub. But issuing 233.5-million new shares to United Kingdom parent Vodafone to pay for its 35% of Safaricom resulted in Vodacom's headline earnings per share (HEPS) remaining flat at R9.23.
Revenue climbed to R86.37 billion from R81.28 billion in the previous year, while group service revenue rose 3.4 percent to R70.63 billion ($5.76 billion).
However, South Africa's biggest mobile phone operator said full-year revenue rose 6.3 percent to 86.37 billion rand ($7 billion), as it added more customers and sold more smartphones in its domestic market.
The four worldwide operations added a total of 2.5 million customers for the year, up 8.6% to 32.2 million.
Safaricom added 1,4-million customers.
"Safaricom contributed R1.5bn profit for the eight months since acquisition, after deducting the amortisation of fair valued assets and before minority interest", Vodacom said in its results statement, which was released on Monday morning.
The group invested ZAR 11.6 billion during the year to expand coverage and improve network quality, including ZAR 8.9 billion in South Africa.
Vodacom, like all major mobile operators in South Africa, has come under pressure of late from consumer groups and ICASA.
The company declared a final dividend a share of 425c.
"This was a solid achievement given the revenue impact from reducing out-of-bundle data prices by as much as 50% in October a year ago as well as the early phase investments in new revenue streams, including fibre, content propositions and financial services".
Service revenue growth from fixed services increased 55.6%.
Customers using bundles have grown 13.9% to 18.7 million.
Vodacom grew its SA customer base by 12%, to a total of 41.6 million.
Enterprise service revenue grew 10,8% now contributing 25,7% of service revenue.
"In our worldwide operations, it was a particularly pleasing year for Mozambique and Lesotho, while our commercial actions in Tanzania and DRC continue to show good momentum", said Joosub. Safaricom added 1.4 million customers to push the combined total to over 103-million customers. In addition, Safaricom showed impressive results processing $6.5 billion worth of transactions for the year.
"Looking ahead, we are encouraged by the renewed economic and political stability in South Africa and larger global operations, including Kenya".
"We are encouraged by these developments and are reaffirming our three year targets of mid-single digit service revenue growth, mid-to-high single digit EBIT growth and capital intensity of 12% - 14% of group revenue, to build on this momentum", he said. Stability in foreign exchange and macroeconomic environments benefits our operations and is expected to support more predictable results across our operations.
Tax advisors can also help to provide you with educated business advice, asset management, and discuss retirement plans with you. Hiring a tax accountant allows you to spend more of your precious time on your business, rather than worrying over your taxes.
Gas prices are up 49 cents in Florida as compared to a year ago, according to the American Automobile Association (AAA). As the summer travel season approaches, gas prices in Chattanooga are up almost 53 cents per gallon from a year ago.
Germany's Federal Office for Information Security (BSI) admitted that the findings constituted "a serious security breach". One of the researchers who discovered the exploit said in a tweet that there are no reliable fixes for the vulnerability .
Speaking of money, Migos , Atlanta's darlings of trap, have made a career of songs about dealing drugs. Now, hooked on the written word, he's Westword's Culture Editor and writes about music and the arts.
According to Variety , the Monster Hunter movie will enter production in September with a reported budget of $60 million. The film now has a budget of $60 million and will be filmed around South Africa near Cape Town according to Variety .
He was runner-up behind Big River in the Edinburgh Gin Handicap Hurdle at Kelso and he then placed third at Newbury in March. Those having a bet on the Grand National will find him available at 16/1 with Paddy Power in the ante-post list.
Mental health Generally, once you get into these escape rooms, you donât get out the way you were before you got in. Getting unstuck from a rut If you are always too engulfed in your routine, one day you will want to do something different.
In the commodity markets, the price of gold remained unchanged at 1,320.70 United States dollars per ounce. Brent crude was up 20 cents at $77.32 a barrel by 1315 GMT and US light crude rose 10 cents to $70.80.
Danvers' story is in the process of being turn into a Marvel film at the moment, with Brie Larson cast as the superhero. But it appears that the MCU is about to get a touch more variety with the inclusion of Ms Marvel .
A lot of effort has been made to educate the public on the dangers of smoking, but most of the time, it has yielded no fruits. Symptoms of Nicotine Symptoms Though you may not get poisoned from vaping, one way or another, e-liquid may get to your skin.
Pictures and clips of the two surfaced on the internet last night as they took off for the French Riviera from Delhi airport. While many crticised the diva for being patriarchal and superstitious, a few supported Sonam saying it was her choice.
6 SORE MUSCLES EASING REMEDIES THAT TRAINERS RELY ON
Although no one enjoys the pain of muscle tears, many people find the final result worth the discomfort they experience. He then recommended that you should follow it up with low-intensity cardio routines, or a simple yoga session.
When to Consult a Tax Professional
Typically, capital transactions are actually taxed at lower rates than standard income, but holding assets can get complicated. If you take care of someone financially or have children, definitely check with a professional tax preparer or accountant.
Last Week BHP Billiton Limited (NYSE:BHP) Ratings
Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable.
Apple faces class action suit
However, according to this lawsuit, that warranty is not enough as the core functionality of these laptops has been impacted. It was first used on the 12in MacBook laptop, and then later on the redesigned MacBook Pro line from late 2016.
Bounce house with child inside rolls on to highway
Images broadcast by CBS SF Bay Area show an emergency services helicopter at the scene, as well as ambulances and police cars. Once authorities arrived, the child was taken to a nearby hospital for treatment.
NBA Conference Finals preview capsules
" Two great teams in the Western Conference finals, and we're doing more explaining every day than anything else ". The Houston Rockets have been designed and built with one goal in mind: beat the Golden State Warriors .
Manchester City first Premier League side to reach 100 points
City beat Southampton 1-0 this afternoon thanks to a very late Gabriel Jesus goal , sparking wild celebrations in the away end. The stunning form of Pierre-Emerick Aubameyang since completing a club record move in January does offer a glimmer of hope.
How To Make A Profile On A Dating Website
Yes, we live in the world of modern technologies where a teenager knows more about technologies than people in mid 30s. When writing about yourself, keep in mind that people might think of different things and have different associations.
List of the Best Fitness Trackers for 2018
Although it is a bit expensive, it makes your experience really enjoyable by giving you access to music and also GPS navigation. Huawei Band 2 Pro is one of the best low-budget devices that offers you all the functions you need for under 60 Euros.