• Inside Labour

    Terry Bell explores the connection between poultry, poverty and desperation.

  • A new ANC sweeper?

    Have the Guptas' new auditors mastered how to look the other way on cue, asks Solly Moeng.

  • Strategy for the big boys

    Formulating strategy across the span of huge companies is a marathon, says Ian Mann.

All data is delayed
Loading...
See More

Telkom shares dive on profit warning

Mar 30 2012 14:35
Reuters

Company Data

TELKOM SA SOC LIMITED [JSE:TKG]

Last traded 57
Change -3
% Change -5
Cumulative volume 1167135
Market cap 0

Last Updated: 29-04-2016 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Neotel boasts customer growth

Telkom in MOU with Korean firm

Telkom mulls ICT deals

Telkom profit slumps 36%

Helios to give up running former Telkom unit

Telkom falls on anti-trust fine worries

 
Johannesburg - Shares in Telkom [JSE:TKG] dropped more than 7% in afternoon deals on Friday after the telecoms group forecast a sharp fall in full-year profit.

Telkom, whose biggest shareholder is the government, was down 3.45% at R23.50 in afternoon trade, recouping some lost ground after sinking over 7%.
 
The company said headline earnings per share (EPS) likely fell by at least 25% in the year to the end of March.

The company also said basic EPS, which includes one-off items, is likely to show at least a 90% decline because of R950m in losses from the sale of its Nigerian unit and a R550m writedown on its broadband unit iWayAfrica.

The company also took a R2.2bn loss from its recently launched cellphone business in South Africa.
telkom

 
 
 

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
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.
 

Money Clinic

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

Voting Booth

The drop in inflation:

Previous results · Suggest a vote

Loading...