Telkom crashes almost 30% in minutes after warning of billions in writedowns | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 80%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

SA's third-biggest mobile operator Telkom warned on Wednesday its profits have plummeted after retrenchments and a strategic shift towards digital technologies prompted one-off costs of more than R14 billion, approaching its market value of R16 billion.

SA's third-biggest mobile operator Telkom warned on Wednesday its profits have plummeted after retrenchments and a strategic shift towards digital technologies prompted one-off costs of more than R14 billion, approaching its market value of R16 billion.

The company's basic earnings per share are expected to crash by as much as 485%, as Telkom has to digest more than R1 billion in retrenchment-related costs and R13 billion in writedowns of various business units. Telkom said that"significant market changes and current economic conditions, including accelerated load shedding, low anticipated economic growth rates and a high interest rate environment, coupled with evolving technological advancements have had an adverse effect on the group."It was considering impairments related to Openserve, Telkom Consumer, Gyro and BCX, which follows a strategy to accelerate its migration to newer technologies.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 4. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Telkom issues major profit warning — headline earnings plummets up to 105%Telkom has warned shareholders that it expects a massive hit to its annual profits.
ソース: mybroadband - 🏆 11. / 67 続きを読む »