Companies / Telecoms & Technology

News Leader

WATCH: How Telkom beat profit expectations

27 May 2019 - 17:43 Business Day TV
A shopper walks past a Telkom shop at a mall in Johannesburg. Picture: REUTERS/SIPHIEW SEBEKO
A shopper walks past a Telkom shop at a mall in Johannesburg. Picture: REUTERS/SIPHIEW SEBEKO

Telkom has reported an 8.5% rise in earnings before interest, tax, depreciation and amortisation (ebitda) to R11.3bn. According to Bloomberg data, analysts expected ebitda of R10.9bn. 

Profit after tax rose 11.5% to R3.3bn and the group says it will pay a final ordinary dividend of 249c, taking the full-year dividend to 362c, a 2% increase. 

Business Day TV sat down with Telkom CEO Sipho Maseko to discuss the results in more detail.

CEO Sipho Maseko spoke to Business Day TV about the company’s better-than-expected full-year results

Or listen to the full audio:

Subscribe: iono.fm | Spotify | Apple Podcasts | Pocket Casts | Player.fm 

Telkom’s shares soar on better-than-expected financials

Full-year dividend increases as profit after tax rose to R3.3bn and the group said it will pay a final ordinary dividend of 249c
Companies
8 months ago

Telkom shares hit 10-year high as foreign investors pile in

Investors who like the share are mostly pointing to the potential in property portfolio and mobile division, says fund manager
Companies
8 months ago

JOHN DLUDLU: Vodacom and MTN are not mending their ways despite flak

Responses by the cellphone duopoly to the Competition Commission’s findings have been less than encouraging, suggesting they will use more ...
Opinion
9 months ago

ENTREPRENEUR: Taking off with aviation entrepreneur Thokozani Miya

A passion for flying early in life pushed this entrepreneur to launch a competitively priced air taxi service
News & Fox
8 months ago

JSE shrugs off US-China trade tensions

The JSE all-share index was 0.54% higher at 56,677 points shortly before noon
Markets
9 months ago

Most read

1.
Alexander Forbes in bold strategy shift
Companies / Financial Services
2.
Minerals Council takes Mining Charter to court
Companies / Mining
3.
Steinhoff raises R4.8bn from KAP share sale
Companies / Retail & Consumer
4.
Alexander Forbes plans to offload insurance units
Companies / Financial Services
5.
Sibanye considers moving primary listing from JSE
Companies / Mining

Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.