Telkom’s share price sinks after gloomy forecast
The company expects HEPS to plunge 45%-55% in its interim results
14 November 2022 - 10:41
Telkom’s share price had its biggest drop in two years on Monday morning, as its latest update triggered a selloff.
The company, valued at R16.76bn on the JSE, said it expected headline earnings per share (HEPS), a measure of profit that strips out impairments and once-off items, to plunge 45%-55% to 128.5c-157c in the six months to end-September...
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