Johannesburg - Mobile telecoms firm Vodacom Group [JSE:VOD] said on Thursday that it expects headline earnings per share for the year ended March 31 2011 to be between 25% and 30% higher than 510 cents per share previously.
The group said that basic earnings per share in the previous year were affected by net impairment charges of R3.4bn.
"Vodacom expects to recognise impairment losses of approximately R1.5bn for the year ended March 31 2011, in relation to Gateway as a result of increased price competition and poorer trading trends," it said.
The group said it expected earnings per share to be between 95% and 105% higher than 282 cents per share previously.
Vodacom expects to publish its results on May 16.
The group said that basic earnings per share in the previous year were affected by net impairment charges of R3.4bn.
"Vodacom expects to recognise impairment losses of approximately R1.5bn for the year ended March 31 2011, in relation to Gateway as a result of increased price competition and poorer trading trends," it said.
The group said it expected earnings per share to be between 95% and 105% higher than 282 cents per share previously.
Vodacom expects to publish its results on May 16.