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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.
