Vumatel parent reports leap in earnings

Nederland Nieuws Nieuws

Vumatel parent reports leap in earnings
Nederland Laatste Nieuws,Nederland Headlines

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

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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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Nederland Laatste Nieuws, Nederland Headlines



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