Vodacom Group lowered its expectations for first-half earnings after recognizing a one-off cost.
The South Africa-based telecommunications company--majority owned by the U.K.'s Vodafone Group--said Thursday that for the six month period ended Sept. 30 it now expects to book earnings per share in the range of 4.60 to 4.96 South African rand (26-28 U.S. cents) for the period, representing an increase of between 30% and 40% from the same period last year.
Meanwhile, the company expects to book headline earnings per share of between 4.59 and 4.94 rand, representing an increase of between 30% and 40%.
Vodacom didn't specify what the one-off cost related to.
The company had previously guided for EPS for the period at between 4.96 and 5.13 rand, with headline EPS at between 4.94 and 5.12 rand.
Write to Najat Kantouar at [email protected]