Telkom triples its aftertax profit
Growth in its mobile division and the inclusion of BCX offset the declines in its traditional fixed-line telephone business
Telkom tripled its aftertax profit to R1.8bn and resumed paying interim dividends after 13 years, the company said in its interim results statement on Tuesday morning. Interim revenue for the six months to end-September grew 20.6% to R20.2bn, with declines in Telkom’s traditional fixed-line telephone business offset by growth in its mobile division and the full inclusion of information technology group BCX. BCX’s contribution to the group’s revenue increased more than sevenfold to R3.6bn from R489m in the matching period. BCX contributed 18% of Telkom’s interim revenue. Telkom’s fastest organic growth came from mobile data whose revenue contribution grew 43.2% to R1bn while mobile voice revenue grew 30% to R520m.
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