Telkom shares gain on improved earnings
The group said the increase in earnings was due to improved performance for the period with both revenue and ebitda growth
15 November 2023 - 14:12
Shares in Telkom shot up as much as 8% on Wednesday as the state-affiliated telecoms provider said it expects to report growth in interim earnings of up to a third.
The fixed-line operator expects to report headline earnings per share (HEPS), which strip out the effect of one-off financial events, of between 186.1c and 199.4c, translating to an increase of up to 50% for the six months to August 2023...
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