Telkom shares soar on earnings expectations

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The fixed-line operator expects full-year earnings to end-March to have more than doubled

Shares in Telkom, which is working to transform its business into a modern telecoms outfit, shot up more than on Tuesday as the company said it expects to report earnings for the full-year to end-March 2021 to have more than doubled.

The partially state-owned group said reported basic earnings per share are expected to be between 484.4c and 496.5c, an increase of 300%-310% compared to the prior year’s 121.1c. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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How the fuck is that possible?!

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