Vodafone New Zealand Results for year end March 2005
Posted on 5-Oct-2005 11:35
| Filed under: News
More customers and a greater variety of services have boosted Vodafone New Zealand�s performance, with a $28 million increase in after-tax profit for the 12 months to March 2005.
Releasing its annual results to the Companies Office, Vodafone said that in a year of continued investment, it was pleased to have sustained a market leadership in what was a challenging, dynamic market.
The company reported revenue at NZ$1.2 billion for the 12 months to March 2005, compared with NZ$1.07 billion for the previous equivalent period. Its after-tax profit increased from NZ$154 million the previous year to NZ$182 million.
�We aim to provide the best possible value and mobile solutions. We�ve invested more than $2 billion in local infrastructure since we began operations here in 1998,� said Vodafone Finance Director David Sullivan.
�Over the 2005-2006 year we�ll continue to invest in our network and develop new services for customers that will give them even richer communication choices for work and play.�
Vodafone reported a customer base of 1,891,386 customers, a market share of 55.4% of the New Zealand mobile market with a net gain of 284,187 customers in the year to March.
New services introduced over the past year included Push to Talk and HotLink plus expansion of the Vodafone live! content.
Vodafone has launched 3G enabled services in August. with the official launch of its 3G UMTS network soon after. The company have also reduced the price of data roaming from NZ$30 to NZ$10 per megabyte
"We have a very small piece of the overall telecommunications revenue in New Zealand. While we are number one in mobile, we are the number two telco. In that context we are pleased with our steady growth,� said Sullivan.