Data provided by iNet BFA
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 49.50
Change -0.17
% Change 0.00
Cumulative volume 1652688
Market cap 25.78bn

Last Updated: 01/08/2014 at 04:27. 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
NEXT ON FIN24X

 
 
 

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
17 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

A cash flow crunch often occurs in small businesses trying to balance cash coming in with cash going out. Watch this video to help you improve.
 
 

Disregard of interest rate impact deplored

A Fin24 user protests what he sees as disregard of the broader impact of increased interest rates on those who cannot yet say "bring it on" with a smile.

 
 

Start saving...

No need to keep up with the Joneses
Where can you stash your cash?
Time the key for retirement saving
Dummy's guide to saving

Money Clinic

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