Telkom reports revenue growth but lower core earnings

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

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

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 12. in İT

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

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

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
Fonte: ITWeb - 🏆 45. / 51 Leggi di più »