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Telkom takes a hit as its fixed-line business drags

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immy Moyaha. Financial Consultant and Independent market analyst Talks about how Telkom takes a hit as its fixed-line business drags.

Telecommunications group Telkom has published its interim results for the six months ending 30 September 2022, showing a big hit to headline earnings over the period.

The group reported gross operating revenue down 0.7% to R21.15 billion for the period, with earnings before interest, taxes, depreciation, and amortisation (EBITDA) down 17.3% at R4.9 billion.

Basic earnings were 52.5% lower at 131.6 cents per share (1H21: 276.8 cps), with headline earnings down 51.9% at 137.2 cents per share (1H21: 285.5 cps).

No dividend was declared, in line with the group’s three-year suspension strategy.
23 Nov 2022 1PM English South Africa Business News · Investing

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