News Formal

Telkom reports revenue growth but lower core earnings

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

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

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

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 12. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

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

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 Consulte Mais informação »