techkenyot.com
techkenyot.com July 18, 2018


South Africa's Vodacom half-year earnings inch up 1 percent

13 November 2017, 07:39 | Edward Lowe

Reuters

Reuters

The acquisition of a 34.9% stake in Safaricom in the period contributed to a ZAR349 million profit during the first two months, it said.

Vodacom's global operations added 1.4 million customers in the first half, reaching 31.1 million, up 11.4 percent.

"We now also have 3.3 million sim card connections in our Internet of Things offerings", said Vodacom CEO, Shameel Joosub.

Vodacom has reported strong revenue growth for the interim period ending 30 September 2017, showing growth of 4.6% to R42.0 billion. The increased revenue was attributable to customer gains in South Africa and the increased use of data and microfinancing service M-Pesa internationally.

Chance of rain on Tuesday
The high temperature will be in the mid 40s and northeast winds will be light, according to the National Weather Service . Tuesday , there is a 20 percent chance of drizzle before noon, then a slight chance of showers or drizzle after noon.

"The sale of smartphones grew by 18.3%, comprising 59.5% of total device sales", the report read.

Total bundles sold increased 64.8% to nearly 1.1bn. Voice revenue declined by 4.8%. The group added 356 000 data users, bringing total data customers to 19.9 million. 4G customers increased 62.8% to 6m, while the average monthly data usage on smart devices increased 19.5% to 776MB.

Joosub added that the group had delivered on its promises to reduce data prices and addressing out-of-bundle prices. Improved in-bundle usage has resulted in a 24.2% reduction in the effective price per megabyte, it said. "Over the six month period, we invested R3.9 billion to maintain our network lead and enhance our IT systems".

The cost of its new roaming agreement with WBS (Rain). "Without new spectrum, we are forced to build more base stations to meet data growth demand".

Teva Pharmaceutical Industries Limited (TEVA) -12.88% away from 20 SMA
The stock of Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) has "Hold" rating given on Tuesday, September 12 by Jefferies. Average Revenue Estimate of the company for the current Fiscal Quarter is $5.31 Billion, according to consensus of 16 analysts.

"Additional spectrum will allow us to invest more efficiently and accelerate our rural coverage programme".

The active customer base rose 11.8%, or 4.3-million, to 71-million across the group.

"The success of M-Pesa in all markets has resulted in savings in commission as more airtime is purchased directly, thereby eliminating third party commissions", Vodacom said. "As leading mobile network provider in South Africa, with the best 3G and 4G networks, it was crucial for us to partner a formidable player such as Nokia as we're gearing ourselves for the next generation of wireless networks, 5G", Vodacom Group Chief Technology Officer Andries Delport said in a statement. Vodacom acquired 34.9% of Kenya's Safaricom from parent Vodacom during the period.

Net profit increased 7.0 percent to ZAR 6.71 billion compared with ZAR 6.27 billion in 2016, boosted by the Safaricom acquisition.

Home Depot Inc (HD) Analysts See $1.81 EPS
The firm owned 119,639 shares of the home improvement retailer's stock after buying an additional 19,660 shares during the period. Nine equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company.

Regarding its worldwide operations, exchange rate volatility negatively impacted growth.



Other News

Trending Now

Buy or Sell? What Analysts Recommends: Ball Corporation (BLL), BB&T Corporation (BBT)
The Average Volume of the company is 4.24 Million, while the Volume of the company in the last trading session was 7.96 Billion. Short traders are feeling a little more bearish on shares of the company lately considering the uptick in short interest.

Sensex falls 131 points, Nifty below 10300
Market breadth was in the favour of gainers, with about 2 stocks advancing to every 1 stock that declined. Except the BSE IT index (up 0.18 per cent), other sectoral indices ended in red.

Arsenal On Verge Of Agreeing Record £60m Deal For Prolific Attacker
But with sizeable fees set to be commanded for Ozil and Sanchez, Wenger's outlay would be minimal to sign Fekir. Arsenal are reportedly closing in on a club-record deal to sign Lyon playmaker Nabil Fekir for £60m.

How Does Walgreens Boots Alliance, Inc. (NasdaqGS:WBA)'s MF Rank Stack Up?
Wellington Management Group LLP boosted its position in shares of Walgreens Boots Alliance by 5.9% during the first quarter. Over the last three months, the shares of the company have changed -12.93% and performed -16.44% over the last six months.

Trump asked Chinese president for help over arrested UCLA basketball players
The State Department typically takes the lead on cases involving U.S. citizens who are arrested overseas , and the U.S. LiAngelo is one of three brothers, who have or will have played basketball at UCLA.

Supreme Court to hear free speech challenge to abortion disclosure law
Last year, the Supreme Court ruled to strike down a Texas law that critics argued restricted women's access to abortion clinics. Under the law, doctors faced fines and the possible loss of their medical licenses for discussing guns with patients.

What Does Wall Street Say about Freeport-McMoRan Inc. (NYSE:FCX)?
BidaskClub raised shares of Freeport-McMoran from a "sell" rating to a "hold" rating in a research report on Monday, July 24th. By taking a look at the stock's current statistics it can gauged that the stock candle is BEARISH with LOW volatility.

Why to Keeping Eye on United Technologies Corporation (UTX), Morgan Stanley (MS)?
The Firm operates through four divisions: Otis; UTC Climate, Controls & Security; Pratt & Whitney, and UTC Aerospace Systems. Finally, Private Wealth Advisors Inc. boosted its stake in shares of United Technologies by 14.9% in the 1st quarter.

Chairman: House won't agree to nix property tax deduction
Schumer, D-N.Y., is again calling on House Republicans to vote against the plan because it eliminates the SALT deduction. Ron Kind, D-Wis. "At least in Nebraska the property tax burden placed on agriculture is significant", Smith said.

Kinross Gold Corporation (NYSE:KGC) reported Sales of 3.4 Billion
The mining company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.05. The firm owned 1,533,808 shares of the mining company's stock after buying an additional 1,420,758 shares during the period.