Vodacom expects that headline earnings per share for the year ended 31 March 2010 will be between 20% and 25% higher than the 417 recorded for the year ended 31 March 2009.
The group is currently finalising its annual results for the year 31 March 2010, which are expected to be released on 17 May.
It states that the headline earnings growth was favourably impacted by the broad-based black economic empowerment charge of R 1,315-billion in the prior year.
However, Vodacom says in a staetment, this was partially offset by losses on the remeasurement of financial instruments and the reversal of a deferred taxation asset of approximately R500-million largely recognised and reported on in the six months results to 30 September 2009.
Basic earnings per share for the year are expected to be between 25% and 35% lower than the previous year, mainly as a result of the Gateway impairment recognised and reported on in the six months results to 30 September 2009.