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Vodacom forecasts higher earnings

May 03 2012 08:48
I-Net Bridge

Company Data

VODACOM GROUP LIMITED [JSE:VOD]

Last traded 164
Change -2
% Change -1
Cumulative volume 4310516
Market cap 0

Last Updated: 22-07-2016 at 05:06. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Mobile carrier Vodacom Group [JSE:VOD] expects its headline earnings per share for the year ended March 31 to be between 5% and 10% higher than the prior year of 656 cents per share.

The company said in a statement on Wednesday that basic and headline earnings were negatively impacted by an effective tax rate of 36%, mainly due to secondary tax on companies on higher dividends paid and the movement in net deferred tax assets.

Higher depreciation and amortisation from higher capital expenditure, including non-cash capital additions, also had a negative impact.

 
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