on Monday that it expects headline earnings per share for the financial year to March 2022 to fall by as much as 25%.
The group blamed “lower unrealised foreign exchange gains on the translation of transponder lease liabilities stemming from a less significant appreciation in the rand against the US dollar year on year”. It also blamed an increase in foreign exchange losses associated with the repatriation of cash from Nigeria at the parallel exchange rate.
Trading profit, it said, will increase by between 0% and 3% compared to the R10.3-billion reported a year ago. Core Heps, meanwhile, will rise by between 5% and 8%.
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