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April 21, 2010
Vodacom earnings per share to lift
Johannesburg - Vodacom Group said Wednesday that for the year ended March 2010 its headline earnings per share are expected to be between 20% and 25% higher, compared with HEPS of 417 cents for the year ended March 2009.
Headline earnings growth was favourably impacted by the broad-based black economic empowerment (BBBEE) charge of R1.315bn in the prior year. However, this was partially offset by losses on the remeasurement of financial instruments and the reversal of a deferred taxation asset of approximately R500m largely recognised and reported on in the six months results to September 2009, it said.
Posted by StaffWriter at April 21, 2010 9:40 AM