Vodacom postpones issuance of its medium-term guidance
JOHANNESBURG – Vodacom today postponed the issuance of its medium-term guidance given the effects of the Covid-19 pandemic and the uncertain outlook for the countries it operates in, as it reported higher revenue during the year ended March 2020.
“It is for this reason that we are postponing our medium-term guidance until more certainty emerges both in terms of the economies that we operate in and in terms of how customer behavior will change. Once these factors stabilize we will resume our targets and tell you how we think the next three years will look,” said chief financial officer Chief Till Streichert who will leave the company next month.
Group revenue for the period under review jumped 4.8 percent to R90.7 billion from R86.6bn a year earlier. Headline earnings a share increased 8.9 percent increase to R9.45 a share and shareholders received a dividend return of R8.45 a share.
Source: iol.co.za
