Telkom interim earnings to be cut in half

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Telkom on Monday warned investors that its interim headline earnings per share will slump by as much as 55%.

warned investors that its headline earnings per share will slump by as much as 55% year on year when it reports results for the six months to end-September 2022 later this month.

Telkom blamed a change in its mobile post-paid vs prepaid mix, which “had the impact of deferring revenue over 24-36 months, as well as the cost base increasing”.The impact of revenue deferral resulting from the continued growth of its post-paid mobile sales, which reduced revenue recognised by R299-million;

 

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