VOD - Vodacom - Trading statement for annual results to 31 March
VOD
VOD
VOD - Vodacom - Trading statement for annual results to 31 March
2011
Vodacom Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1993/005461/06)
Share code VOD ISIN ZAE000132577
("Vodacom")
Trading statement for annual results to 31 March 2011
In terms of paragraph 3.4(b) of the JSE Limited Listings
Requirements, companies are required to publish a trading statement
as soon as they become reasonably certain that the financial results
for the next period to be reported upon differ by at least 20% from
those of the previous corresponding period.
Annual results for the year ended 31 March 2011 are expected to be
released on or about Monday 16 May 2011.
Headline earnings per share (HEPS) for the year ended 31 March 2011
are expected to be between 25% and 30% higher than the prior year
reported HEPS of 510 cents per share.
Shareholders are reminded that basic earnings per share (`EPS`) 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 31 March 2011, in
relation to Gateway as a result of increased price competition and
poorer trading trends.
EPS for the year ended 31 March 2011 are therefore expected to be
between 95% and 105% higher than the prior year reported EPS of 282
cents per share.
The financial information on which this trading statement is based
has neither been reviewed nor reported on by Vodacom Group`s
auditors.
Midrand
28 April 2011
Sponsor: UBS South Africa (Pty) Limited
Date: 28/04/2011 13:17:01 Produced by the JSE SENS Department.
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