ICT services and telecom company Telkom reported revenue growth at the start of its new financial year, but ongoing load-shedding, little domestic economic growth, and high inflation and interest rates cutting into consumers’ discretionary spending resulted in a decline in group core earnings.
The company, valued about R15.2bn on the JSE, said in a trading update for the three months to end-June that group sales rose 3.8% year on year to R10.7bn, but group Ebitda declined 4.2% to R2.2bn, with the margin down 1.7 percentage points to 21.0%.... There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an
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Fibre, data consumption lift Telkom earnings.TelkomZA shrugged off a weak macro environment to post increased group revenue for the quarter ended 30 June. FinancialResults telecoms connectivity
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