Vodacom expects FY HEPS higher than 510c
Vodacom said on Thursday that it expects headline earnings per share for the year to be between 25% and 30% higher than 510c per share previously.
Mobile telecoms firm Vodacom said on Thursday that it expects headline earnings per share (HEPS) for the year ended March 31 2011 to be between 25% and 30% higher than 510c per share previously.
The group reminded shareholders that basic earnings per share in the prior year were impacted by net impairment charges of R3,4-billion. “Vodacom expects to recognise impairment losses of approximately R1,5-billion 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 EPS to be between 95% and 105% higher than 282c per share previously.
Vodacom expected to publish its results on May 16.—I-Net Bridge
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