Vodacom posts 19% half-year profit rise a year after share scheme hit

South African mobile operator Vodacom on Monday reported an 18.9% rise in half-y...

) on Monday reported an 18.9% rise in half-year profits, partly reflecting the absence of one-off costs related to a share scheme offered to black investors.

“Our international portfolio remains a star performer, growing service revenue by 15.5% in a period characterised by macro and political stability and high demand for data,” CEO Shameel Joosub said in a statement. Headline earnings per share , the main profit measure in South Africa, rose to 460 from 387 cents a year earlier.

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