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Telkom sees 20% jump in earnings

Cape Town - Fixed-line telecommunications giant Telkom [JSE:TKG] said on Tuesday it expected its interim headline and basic earnings per share to be at least 20% higher than the same period last year.

The interim results are for the six months until the end of September.

The telecoms firm said it expected first half results to be positively impacted by lower finance charges.

The lower finance charges relate to foreign exchange and fair value gains following the weakening of the rand against major currencies.

Telkom's share price continued it recent run adding another 0.78% to trade at R27.28.

On Monday it added 5% to R26.50, its highest since March 2012.

The Group's interim results will be published on or about November 18 2013.

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