Vox sees strong growth

Johannesburg - Telecommunications group Vox Telecom (VOX) on Friday reported that its diluted headline earnings per share for the six months ending February 28 2009 were at 2.79c, down from the 4.62c reported the previous year.

Group revenue was at R1.059bn, up from the R868.7m reported before.

Operating profit for the period was at R56.6m, down from the R67.5m reported for the previous period.

"We expect less seasonality and greater usage in the remaining part of the financial year which should result in an improvement in monthly contracted revenue," the group said.

Vox Telecom said it was continually striving to be the leading independent, alternative provider of voice and data solutions to the southern African market with our key goals and objectives remaining unchanged.

The group said that it continued to offer essential services to the corporate, business and consumer sectors providing competitive voice and data offerings at a reasonable price.

It said that this would be enhanced with further legislative liberalisation and continued innovation.

"We continue to make significant investments in infrastructure, people and products and expect to achieve strong organic growth over the next five years," it said.

- I-Net Bridge