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Vodacom forecasts higher earnings

May 03 2012 08:48
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Last traded 141
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Cumulative volume 986041
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Last Updated: 08-10-2015 at 05:00. 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.

vodacom group


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