Vodacom earnings fall 6.6% on black share scheme

It also updated its medium-term capital expenditure target to reflect the IFRS 15 accounting standard and also changed its profitability target to operating profit from earnings before interest and taxes to include the benefits of the Kenyan Safaricom acquisition.

Vodacom, which competes with MTN group and Telkom , said group service revenue jumped 5 percent, led by a strong performance overseas.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Steinhoff falls 15% as market reacts to glum 2017 earnings reportThe Stellenbosch-headquartered retail conglomerate published its long-delayed 2017 earnings late on Tuesday. Fin24 Seriously? Thought this shitstock Steinhoff was on 0 already? Buying this now is like voting for the ANC.
Source: News24 - 🏆 4. / 80 Read more »

Famous Brands’ annual earnings to fall up to a third, with UK burger chain a major causeFamous Brands, which bought the UK’s GBK chain for £120m in 2016, has already written down the value of that business by more than R1bn
Source: BDliveSA - 🏆 12. / 63 Read more »

Pepkor says half-year earnings rose up to 54.1%The group was a wholly owned subsidiary of Steinhoff until it was listed on the JSE in September 2017 Great results by far.
Source: BDliveSA - 🏆 12. / 63 Read more »

Altron says turnaround is ‘complete’ as earnings surgeThe company’s conservative approach to managing its debt seems to be a sound strategy, analyst says
Source: BDliveSA - 🏆 12. / 63 Read more »

Altron says turnaround is ‘complete’ as earnings surgeGross revenue jumps 30% as CEO Mteto Nyati focuses on offloading manufacturing assets and reducing debt
Source: BDliveSA - 🏆 12. / 63 Read more »

Mondi reports strong first-quarter earnings growthUnderlying earnings will be affected by higher maintenance costs in 2019, the group says, although it saw lower costs in its first quarter
Source: BDliveSA - 🏆 12. / 63 Read more »