{"id":31264,"date":"2013-02-06T10:53:18","date_gmt":"2013-02-06T08:53:18","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=31264"},"modified":"2013-02-06T11:07:49","modified_gmt":"2013-02-06T09:07:49","slug":"vodacom-slides-on-flat-earnings","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/31264\/vodacom-slides-on-flat-earnings\/","title":{"rendered":"Vodacom slides on flat earnings"},"content":{"rendered":"

Shares in Vodacom<\/a> declined 3.58% in morning trade on Wednesday, after its results for the quarter ended December 2012, failed to impress investors.<\/p>\n

By 10:30am, shares in Vodacom dropped R4.34 – or 3.58% – to R117.01 on the JSE. In the year to date period, Vodacom has declined from R125.15, and a high of R129.83.<\/p>\n

The All Share Index, meanwhile, remained flat at\u00a040,658 points.<\/p>\n

An analyst at PSG Konsult<\/a> told BusinessTech: “While Vodacom saw a healthy increase in active customers, group revenue only increased 1.7%.”<\/p>\n

\u201cThere is a lot of competition at the moment, particularly from Cell C<\/a>, which is putting pressure on their (Vodacom) margins. Overall, it\u2019s pretty disappointing,\u201d he said.<\/p>\n

On Wednesday (6 February), Vodacom reported a 2.2% rise in revenue for its South African operation to R15.5 billion for the quarter ended 31 December 2012,\u00a0driven by a 27.2% growth in equipment revenue from smartphone and tablet sales.<\/p>\n

Group revenue increased 1.7% to R18.3 billion, impacted by the sale of Gateway Carrier Services on 31 August 2012 as\u00a0well as movements in foreign exchange, Vodacom said.<\/p>\n

Service\u00a0revenue declined 1.7% year on year to R12.5 billion.<\/p>\n

Shameel Joosub<\/a>, Vodacom Group CEO said:\u00a0\u201cIt\u2019s been a quarter with strong performances in data and our International operations tempered by some challenges in our South African business.”<\/p>\n

\u201cWhile customers increased, voice revenue in South Africa was impacted by more active competition in a softer economy.\u201d<\/p>\n

Active customers in SA increased 11.7% year on year to 30.6 million, while group active customers increased 12.2% to 51.0 million.<\/p>\n

More on Vodacom<\/h3>\n

Vodacom lifted by smartphone and tablet sales<\/strong><\/a><\/p>\n

Foreigners eye MTN and Vodacom<\/strong><\/a><\/p>\n

Vodacom profits beat Vodafone UK<\/a><\/strong><\/p>\n

Vodacom shares up 2.3% on H1 results<\/strong><\/a><\/p>\n

We have appetite to grow: Vodacom<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shares in Vodacom declined 3.58% in early trade on Wednesday as competition, especially from Cell C, has begun to bite into its margins according to analysts.<\/p>\n","protected":false},"author":9,"featured_media":5766,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[26,1310,3403,27],"class_list":["post-31264","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-headline","tag-psg-konsult","tag-shameel-joosub","tag-vodacom"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/31264","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=31264"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/31264\/revisions"}],"predecessor-version":[{"id":31267,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/31264\/revisions\/31267"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/5766"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=31264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=31264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=31264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}