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Vodacom Tanzania FY net profit just ahead of IPO forecast

Thursday 18 May 2017 | 09:55 CET | News
Vodacom Tanzania posted a net profit for the financial year ended 31 March of TZS 47.6 billion thanks to M-Pesa revenue growth and data business, according to Daily News. In its IPO prospectus, it had projected profit of TZS 47.38 billion, up from TZS 29.1 billion or a change of 62.5 percent. Instead, it went up 63.4 percent. Managing Director Ian Ferrao said that M-Pesa revenue grew 11 per cent to TZS 249.6 billion, underpinned by an increase of 936,000 active customers.

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Categories: Mobile & Wireless
Companies: Vodacom Tanzania
Countries: Tanzania, United Republic of
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