Vodacom Group Ltd. profit jumped by a third in the first half, with improved earnings at the South African mobile operator’s businesses elsewhere on the continent driving the biggest jump in profit in more than a decade.
Earnings per share surged to 4.72 rand in the six months through September, compared with 3.54 rand in the same period last year, when the Johannesburg-based company reported once-off costs related to its businesses in the Democratic Republic of Congo and Ethiopia. Headline earnings per share grew 32% to 4.67 rand.