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Pin to quick picksVodafone Share News (VOD)

Share Price Information for Vodafone (VOD)

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Share Price: 68.44
Bid: 68.40
Ask: 68.44
Change: 0.62 (0.91%)
Spread: 0.04 (0.058%)
Open: 67.96
High: 68.74
Low: 67.82
Prev. Close: 67.82
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UPDATE 1-South Africa's Vodacom posts flat profit on one-off item, weak forex

Mon, 14th Nov 2016 07:25

(Adds detail, CEO quote, share price)

JOHANNESBURG, Nov 14 (Reuters) - South Africa's biggestmobile phone operator Vodacom Group reported flathalf-year earnings on Monday, hurt by a one-off tax adjustmentand currency effects.

The mobile operator said headline earnings per share, whichstrips out certain one-off items and is the main profit measurein South Africa -- was unchanged year on year at 440 cents forthe six months to Sept. 30.

"The overall strong operational performance for the sixmonths was negatively impacted by a one-off adjustment intaxation for Tanzania as well as the impact from weaker localmarket foreign currency," Vodacom said in a statement.

The Group delivered service revenue growth of 5.3 percent,led by a 2.3 million increase in active customers since March2016, mostly in South Africa.

Active international customers decreased 11 percent to 27.9million as authorities in markets that include Tanzania madechanges to the way Vodacom registers subscribers.

"As expected, our international operations have beenimpacted by customer registration requirements," Chief ExecutiveOfficer Shameel Joosub said in a conference call, referring tothe Tanzania telecoms regulator's disconnection of 600,000phones from mobile networks lats June in an effort to stamp outcounterfeit devices.

"However, the monthly customer acquisitions trend hasimproved, with net customers additions turning positive andrecovering during the second quarter."

Shares in Vodacom rose by almost 1 percent to 144.50 rand by0704 GMT.

Group data revenue was up 18.7 percent, supported by strongnetwork investment, the company said.

The South African unit of Britain's Vodafone hasspent 37 billion rand ($2.58 billion) over the past three yearsto expand its network, with a strong focus on providing fasterInternet services as increasing numbers of consumers usesmartphones.

In the first half of the year the group invested 5.7 billionrand. Vodacom is targeting group capital expenditure of 12-14percent of group revenue in the medium term.

Vodacom declared an interim dividend per share of 395 cents,the same as last year.($1 = 14.3648 rand) (Reporting by Nqobile Dludla; Editing by David Goodman)

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2 May 2024 07:03

Swisscom posts steady Q1 profit, says Vodafone Italia deal on track

May 2 (Reuters) - Telecoms group Swisscom reported a slightly lower first-quarter core profit on Thursday, but beat market expectations, as business in its core Swiss and Italian markets continued to develop positively.

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2 May 2024 06:35

Swisscom plans completion of Vodafone Italia takeover in Q1 2025

May 2 (Reuters) - Swiss telecoms group Swisscom said on Thursday its takeover of Vodafone Italia is on track and expected to be completed in the first quarter of 2025.

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16 Apr 2024 08:41

Vodafone appoints SAP's Marika Auramo as CEO of Business arm

(Alliance News) - Vodafone Group PLC on Tuesday said Marika Auramo has been appointed as chief executive of Vodafone Business.

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16 Apr 2024 07:46

Vodafone taps SAP executive to lead business division

(Sharecast News) - Vodafone announced the appointment of Marika Auramo as chief executive of Vodafone Business on Tuesday, effective from 1 July.

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4 Apr 2024 15:58

London close: Stocks manage gains ahead of US payrolls report

(Sharecast News) - London markets closed higher on Thursday, driven by a robust showing from the mining sector and as investors contemplated the UK services sector's latest figures.

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4 Apr 2024 08:47

LONDON MARKET OPEN: Shares rise despite US interest rate unease

(Alliance News) - London's FTSE 100 edged higher on Thursday morning, despite lingering US interest rate worries hanging over equities, while gold notched another record high in earlier trade.

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4 Apr 2024 07:43

LONDON BRIEFING: Vodafone-Three deal faces deeper UK probe

(Alliance News) - London's FTSE 100 is called to open higher on Thursday, despite remarks from Federal Reserve Chair Jerome Powell failing to soothe lingering interest rate worries.

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4 Apr 2024 07:37

CMA to launch in-depth probe into Vodafone's merger with Three

(Sharecast News) - The Competition and Markets Authority said on Thursday that it will launch an in-depth investigation into the planned £15bn merger between Vodafone and CK Hutchison's Three that was announced last year.

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28 Mar 2024 15:05

Directors dealings: Vodafone chairman follows in CFO's steps, buys shares

(Sharecast News) - Vodafone's chairman bought a big batch of shares in the telecommunications outfit just ahead of the Easter break.

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28 Mar 2024 13:54

IN BRIEF: Vodafone Chair Boxmeer buys GBP570,000 in shares

Vodafone Group PLC - Berkshire, England-based telecommunications provider - Chair Jean-Francois van Boxmeer buys 823,500 shares at GBP0.69 each, worth GBP568,215, in London on Wednesday.

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27 Mar 2024 09:40

LONDON BROKER RATINGS: Sainsbury's, Petershill Partners upped to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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26 Mar 2024 11:21

Vodafone Germany to cut 2,000 jobs in revamp

FRANKFURT, March 26 (Reuters) - Vodafone Germany aims to save around 400 million euros ($434.48 million) over the next two years as part of a restructuring that will hit some 2,000 jobs, the company said on Tuesday.

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26 Mar 2024 11:15

UPDATE: Vodafone Germany cuts 2,000 jobs as part of savings programme

(Alliance News) - Vodafone GmbH is cutting and relocating around 2,000 jobs in a bid to save EUR400 million in the next two years, the Dusseldorf, Germany-based subsidiary of Vodafone Group PLC announced on Tuesday.

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26 Mar 2024 10:43

Vodafone Germany: 400-mln-eur restructuring to affect 2,000 jobs

BERLIN, March 26 (Reuters) - Vodafone Germany said on Tuesday that it aims to save around 400 million euros ($434.48 million) over the next two years as part of a transformation programme that will affect some 2,000 jobs.

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26 Mar 2024 10:42

Vodafone Germany cutting 2,000 jobs as part of savings programme

(Alliance News) - Vodafone GmbH is cutting and relocating around 2,000 jobs in a bid to save EUR400 million in the next two years, the Germany, Dusseldorf-based subsidiary of Vodafone Group PLC announced Tuesday.

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