News Column

Telkom wins profits battle

May 30, 2014

Telkom has announced its full-year earnings likely rose more than ninefold, following a raft of belt-tightening initiatives and a hefty writedown last year.

Headline earnings likely totalled 772c to 789c a share in the year to end March from a restated 86.2c per share a year earlier, the company said yesterday, adding it was helped by a one-time tax benefit and after last year's earnings were weighed down by a R12 billion writedown.

Cape Argus

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Source: Cape Argus (South Africa)

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