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Vodacom revenue up on customer growth

Jul 21 2011 08:07 Reuters

Company Data

Vodacom Group Limited [JSE : VOD]

Last traded R103.50
Change R-0.40
% Change -0.38%
Cumulative volume 970,284
Market cap R154.00bn

Last Updated: 25/05/2012 at 19:32. Prices are delayed by 15 minutes. Source: McGregor BFA

 

Top 40 [JSE : J200]

Last traded R29,074.19
Change R-63.65
% Change -0.22%
Cumulative volume 93.53m
Market cap R0.00

Last Updated: 25/05/2012 at 19:33. Prices are delayed by 15 minutes. Source: McGregor BFA

 

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Johannesburg - Cellphone operator Vodacom Group [JSE:VOD] reported an 8% rise first-quarter revenue on Thursday helped by customer growth, but said competition remains intense and it expected further pressure on pricing.

Vodacom, which is majority owned by Britain's Vodafone, said revenue totalled R15.6bn in the quarter to the end of June, compared with R14.4bn a year earlier.

The company said it had 45.4 million customers as of the end of the quarter, up 20.4%.

"Competition remains intense in all our markets and we expect further pressure on pricing in the future," the company said in a statement.

Vodacom shares are up nearly 15% so far this year, compared with a 0.2% rise in the Johannesburg Top 40 - (Tradeable) [JSE:J200] index.

 
 
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