• Road to riches

    Taxpayers keep funding structures with big plans but who knows what efficacy, says Mandi Smallhorne.

  • Don't fall for Ponzi scams

    An expert unpacks the tell-tale signs to watch out for.

  • Inside Labour

    A smokescreen of misleading rhetoric won't make SA's problems go away, says Terry Bell.

Loading...
See More

Telkom issues profit warning

Sep 20 2012 13:10 I-Net Bridge

Company Data

TELKOM SA SOC LIMITED [JSE:TKG]

Last traded 81
Change 3
% Change 4
Cumulative volume 963989
Market cap 0

Last Updated: 30-03-2015 at 04:19. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Zim to retire as Telkom chairperson

Commission wants steeper Telkom fine

Telkom to appeal Competition Tribunal fine

Moody’s warns on Telkom fine

Telkom mulling over tribunal judgment

Telkom fine a slap on the wrist

 
Johannesburg – Telkom [JSE:TKG] said in a trading update that basic earnings per share from continuing operations for the six months ending September 30 were expected to be at least 45% lower than the comparative period in the prior year‚ due to fines it has to pay.

Headline earnings per share from continuing operations for the six months are expected to be at least 65% lower than the comparative period in the prior year.

Telkom said the lower earnings are mainly attributable to an increase in the provision for Competition Commission fines relating to transgressions of the company dating back approximately 10 years.

The operational performance for the period up to August 31 has been further characterised by flat revenue and operating costs that escalated just below inflation‚ it added.

The company plans to release its results for the six months ended September 30 or November 19.

*Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.
competition commission  |  telkom  |  profits

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
16 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

People who fall victim to Ponzi scams are:

Previous results · Suggest a vote

Loading...