DAR ES SALAAM, Nov. 10 -- VODACOM Tanzania Plc has reported a strong operating profit growth for the six months ending September, underpinned by double-digit gains in M-Pesa, data and digital services, as the telecom giant continues its ambitious network modernisation drive.
The companys operating profit rose by 27.8 per cent to 105.3bn/-, buoyed by a 24 per cent jump in total revenue to 905.3bn/- from 730.2bn/- a year earlier.
According to the telecoms recently released financial statement, earnings before interest, tax, depreciation and amortisation (EBITDA) climbed 44.6 per cent to 319.8bn/-, lifting the EBITDA margin to 35.3 per cent from 30.3 per cent last year, a clear sign of stronger operational efficiency.
Vodacom attributed t...
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