DFA and Vumatel recorded a massive jump in profits of 900% over the last six months of 2022, according to Remgro’s most recent results.
That resulted in operating earnings jumping from R696 million for the six months ended September 2021 to R1.176 billion over the same period ending in September 2022. “Vumatel remains a growth asset for the group as it continues infrastructure expansion into identified lower Living Standards Measure areas and accelerating connections in both its traditional core network and lower LSM areas,” Remgro said.
Vumatel’s underlying operating earnings also increased by 16.7% to R565 million for the six months to 30 September 2022.
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