Vumatel parent CIVH sees big profit upswing
parent of fibre infrastructure providers Vumatel and Dark Fibre Africa , reported headline earnings of R322.8-million in the six months to end-December 2022, an analysis of Remgro’s interim results published on Thursday shows.
Vumatel’s revenue increased by 14.2% to more than R1.6-billion, driven by its fibre infrastructure expansion programme and subscriber growth. Underlying operating earnings increased by 16.7% to R565-million, Remgro said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ethernet inventor Bob Metcalfe awarded top industry prize - TechCentralThe computing networking pioneer has won the industry's most prestigious prize for the invention of Ethernet.
Read more »
Nvidia in big push into quantum computing - TechCentralNvidia is positioning itself as a key player in quantum computing with the launch of new software and hardware.
Read more »
Next-gen Nvidia AI chips coming to cloud platforms - TechCentralNvidia has showcased the technology it hopes will fuel the next wave of AI breakthroughs.
Read more »
Bitcoin passes the bank stress test - TechCentralAs crisis stalks the traditional world of stocks and bonds, bitcoin is suddenly looking like a safe haven.
Read more »
TikTok CEO says company at 'pivotal moment' - TechCentralTikTok faces a 'pivotal moment' as a growing number of US lawmakers seek to ban the popular app, its CEO said.
Read more »
Google opens access to Bard, its ChatGPT rival - TechCentralGoogle has begun the public release of its chatbot Bard, seeking users and feedback to gain ground on Microsoft.
Read more »