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Daily News Egypt: £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.
15.06.17 | Interesting article at Daily News Egypt

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.