Telkom reports revenue growth but lower core earnings

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The company is facing higher operating costs as load-shedding continues

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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Telkom earnings pummelled by load-shedding and people not paying their billsTelkom’s earnings have declined despite healthy revenue growth.
منبع: mybroadband - 🏆 11. / 67 ادامه مطلب »

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
منبع: ITWeb - 🏆 45. / 51 ادامه مطلب »