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Vodafone
New Zealand annual results released
5 October 2005
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customers and a greater variety of services have
boosted Vodafone New Zealand's performance, with a
NZD28 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 its market leadership
in what was a challenging, dynamic market.
The company reported revenue at NZD1.2 billion for the
12 months to March 2005, compared with NZD1.07 billion
for the previous equivalent period. Its after-tax
profit increased from NZD154 million the previous year
to NZD182 million.
"These results reflect steady growth in customer
numbers and market share that we experienced over the
2004-2005 financial year," said Vodafone Finance
Director David Sullivan.
Sullivan said Vodafone was pleased with its steady
growth in a competitive environment.
"Our goal is sustainable revenue growth and our
results show we're achieving that. This growth allows
us to continue reinvesting in our business and
delivering leading-edge products like video calling
and mobile television to our customers along with an
unbeatable range of mobile phones to bring the
services to life."
The 2005 financial year saw the company spending
hundreds of millions of dollars on its network and
services to ensure top of the range mobile services
and solutions, backed by world-class customer service,
are consistently delivered.
"We aim to provide the best possible value and
mobile solutions. We've invested more than NZD2
billion in local infrastructure since we began
operations here in 1998," said 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.
"We've also sought to make mobile services even
more accessible to our customers, with initiatives
such as flat-rate Motormouth plans, a NZD20 million
Prepay double-up offer, and massive reductions in the
price of mobile data," Sullivan said.
Vodafone has started this year with a bang launching
3G enabled services in August. Free txt weekends, the
"Let Yourself Go" capped calling offer and
slashing of the price of data roaming from NZD30 to
NZD10 per megabyte are all initiatives kicked off so
far this year.
"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. |
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