VODACOM
Tanzania has recommended a gross dividend of 17.33/- per issued and
fully paid shares for the period ended March this year up compared to
12.74/- paid last year, due to strong profit posted on account of strong
growth of mobile ecosystem business like M-Pesa use and Data.
A statement issued by Vodacom yesterday
stated that the recommended dividend is subject for approval at the
shareholders Annual General Meeting scheduled for August. After
approval, the dividend will be paid
directly to shareholders bank
accounts, through M-Pesa, Airtel Money, and Tigo Pesa in November.
Vodacom registered 170.2bn/- net profit
for the period that ended March this year from 47.5bn/- in March 2017
representing 200 per cent change. M-pesa revenue grew by 16.7 per cent,
which makes 291.2bn/-, while the mobile data usage grew by 34 percentage
making 141.6bn/- due to account network densification, capacity upgrade
and 4G expansion.
M-Pesa revenue grew by 16.7 per cent to
291.2bn/- equivalent to 30.1 per cent due to greater customer spend
across growing mobile ecosystem. Similarly, the Dar es Salaam Stock
Exchange (DSE) listed Vodacom Tanzania’s mobile data revenue grew by 34
per cent to 141.6bn/- on account of network densification, capacity
upgrade and 4G expansion.
“We believe our M-Pesa customer base will
continue to expand as we focus on building greater activity through our
‘Lipa kwa M-Pesa’ merchant platform and establishing new partnership
which enhance the mobile money ecosystem,” Ian Ferrao, Vodacom Managing
Director said in a statement on the company’s preliminary results for
the year ending March 2018.
He added, “We expect further increases in
smartphone penetration, stimulated by the continuation of
partnership-led, low-cost smartphone campaigns,” Expanding network’s
capacity through spectrum acquisition is a core component of Vodacom’s
long term strategy.
The company will therefore seek to obtain
the optimal amount of spectrum available from the upcoming 700 MHz
auction at a reasonable cost. “Our actions taken as part of our
continued commitment to improving compliance with customer registration
requirements will result in subdued base growth over the short term,” he
said.
However, encouraging trends seen from the
adoption of personalised offers is expected to offset churn through
building customer loyalty within our registered customer base. Also
during the year under review, operating and financial review service
revenue grew 5.9 per cent to 966.3bn/-, attesting its success in
delivering superior data user experience and mobile money ecosystem to
our customers.
Strong fundamental growth was seen
throughout the year, however a 42.1 per cent mobile termination rate
(‘MTR’) reduction, made in the final quarter, dampened service revenue
growth acceleration. Active customers increased 1.9 per cent to 12.9
million.
Lower customer base growth resulted from
actions taken towards improving compliance with customer registration
requirements which, when coupled with enhanced registration processes,
significantly reduced the risk of receiving additional compliance
orders.
No comments :
Post a Comment