South African Vox Telecom expects to swing into profit in FY2010/11.

By bne IntelliNews November 8, 2011
South African telecoms operator Vox Telecom expects to swing into profit in the fiscal year to end-August 2011, the company said. It forecast earnings per share (EPS) to rise by between 106% and 111% from the previous years loss of 61.32 cents per share. The company projects its headline EPS to fall by between 19% and 24% year-on-year from 6.45 cents. Vox Telecom is a leading independent, alternative supplier of voice and data services to the South African and Namibian markets. With a staff of about 800, the company provides telecommunications products and services to over 15,000 corporate clients and to over 130,000 individual customers.

Related Articles

South Africas Exxaro mulls firing striking coal miners.

South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more

South Africas Telkom says there is no decision to lay off 13,000 employees.

South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more

BP, Masana Petroleum Solutions sell LPG business in South Africa.

Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more