Vumatel parent reports leap in earnings

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CIVH, the company whose investments include Vumatel and DFA, has reported a big jump in headline earnings.

That’s according to Remgro, which published its results for the year ended 30 June 2023 on Thursday. Remgro said CIVH’s contribution to its headline earnings amounted to R206-million for the year, up from R47-million in 2022.

DFA’s revenue increased by 6.8% to R2.7-billion, while its annuity income increased to R213-million/month as at 31 March 2023 . Vumatel’s revenue increased by 15.1% to R3.4-billion, driven by its fibre infrastructure expansion programme and subscriber uptake growth, Remgro said.

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