Vodacom cuts dividend as profit dips due to Ethiopia launch
The telecom giant declared an interim payout of 340c per share, 19% lower year on year
14 November 2022 - 08:37
Telecom giant Vodacom experienced a dip in profit and lowered its interim dividend as the start-up costs of the recent launch of a national network in Ethiopia hit its results.
The net profit of the company, valued at R236.57bn on the JSE, decreased 9% to R8.07bn in the six months end-September. It declared an interim dividend of 340c per share, 19% lower year on year...
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