Bloomberg News

Vodacom Says Profit Probably Rose 25%, Lower Than Estimates

May 02, 2012

Vodacom Group Ltd. (VOD), the largest provider of mobile-phone services to South Africans, said basic earnings per share probably rose as much as 25 percent in the fiscal year through March.

Profit is estimated to have climbed to as much as 7.01 rand per share from 5.62 rand a share a year earlier, lower than the 7.24 rand per share median estimate of seven analysts polled by Bloomberg.

The company, based in Johannesburg, said higher taxes and impairments negatively affected earnings, which are due to be released on May 21.

Earnings per share after one-time items will probably increase as much as 10 percent from 6.56 rand last year, it said.

To contact the reporter on this story: Sikonathi Mantshantsha in Johannesburg at smantshantsh@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net


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