Vodacom expects to boost headline earnings per share by between 30% and 40% in its financial results in the six months to 30 September 2010.
Impairment charges related to its acquisition of Gateway, which hit basic earnings a year ago, were not repeated during the half year. Vodacom bought Gateway in 2008 in a deal worth US$700m.
The operator had to impair its purchase by R3,2bn during its last financial year.
Vodacom’s earnings were also hit last year by a R551m tax asset at its troubled Democratic Republic of Congo subsidiary.
The group says it will report its interim results on or about 8 November.
The company’s share price rose 1,18% to R68,45 at the time of publication. — Staff reporter, TechCentral
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