Due to a local power issue and other operational activities, Vodacom Group’s full-year profit fell 6.4%.
For the year ended March 31, its headline earnings per share, a South African profit gauge, dropped from 1,013 cents to 948.
The Vodafone-owned company has invested to become a pan-African player, a top financial services provider, and a data leader in South Africa.
However, its main regional market, South Africa, has been experiencing rolling blackouts for up to 10 hours a day, forcing telecom providers to power their towers and network on diesel generators.
Vodacom’s annual income rose 16% to 119 billion rand ($6.50 billion) due to the purchase of a 55% interest in Vodafone Egypt and the local currency’s devaluation.
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