Investors hang up on Telkom after R13bn writedown warning
Writedown charges are roughly the size of its market capitalisation and reflect increasing competition and economy hobbled by load-shedding
17 May 2023 - 08:31
UPDATED 17 May 2023 - 22:50
In an astonishing turnaround of fortunes, Telkom flagged it could swing into annual loss, weighed down by hefty writedown charges that sent its share price tumbling.
Telkom, in which the government owns about 40%, said in a trading update that headline earnings per share could drop by a staggering 85%, at best, or swing into a loss...
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