Telkom interim earnings to be cut in half

  • 📰 TechCentral
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 71%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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;

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines