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£533m revenues of Vodafone Egypt in H2 of FY 2016/2017 - Daily News Egypt

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£533m revenues of Vodafone Egypt in H2 of FY 2016/2017

The company's revenues declined in H2 by £263m compared to H1 of the same year

Vodafone Egypt achieved revenues of £533m in the second half (H2) of the fiscal year (FY) 2016/2017, compared to £796m in H1, a decline of £263m, according to the business results of the company.

The company’s profits before deducting taxes in H2 of the previous fiscal year reached £234m compared to £356m in H1 of the same fiscal year. The total revenues of Vodafone Group amounted to about £23.5bn in H2 of 2016/2017 compared to £24.1bn in H1 of the same year.

Vodafone Egypt ranked the third among markets of Africa, the Middle East, and Asia Pacific (AMAP) in terms of using mobile internet in the fourth quarter (Q4) of FY 2016/2017.

According to Vodafone’s business results, the average internet usage of the company’s customers in Egypt was about 42,300 terabytes in Q4 of FY 2016/2017, which ended in March.

The first two places in terms of mobile internet went for the Turkish market, up to 122,500 terabytes, followed by Vodacom in South Africa, by 56,200 terabytes, while the total consumption of the parent company’s customers recorded about 647.5m terabytes.

Vodafone Egypt’s customers exchanged 788m SMS and MMS messages in Q4 of FY 2016/2017. Vodafone Turkey’s customers exchanged about 15.9bn messages, and the company’s customers in South Africa exchanged 11bn messages. Vodafone Group’s customers exchanged a total of 46.2bn messages.

Vodafone Egypt was ranked second in terms of voice services among AMAP markets by about 30.5m minutes in Q4 of 2016/2017, following Turkey, which made 30.7m minutes, and finally the company’s branch in South Africa was third with about 24.1m minutes. Vodafone Group’s total customers consumed about 170.9m minutes in Q4 of the previous fiscal year.

Vodafone Egypt provided broadband internet service for 301,000 subscribers by the end of March, an increase of 34,000 since December 2016, while Vodafone Group provided broadband internet service to 14.7m subscribers worldwide.

Topics: revenues Vodafone

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