CAPE TOWN: South African’s TELKOM expects full-year earnings to rise by between 40% and 60%. The company said on Wednesday that normalized headline earnings per share for the year ended March 2015 would be between 155c and 232c higher than the previous comparable period.
The reduction of mobile termination rates or the cost mobile operators pay to carry each others’ calls resulted in savings of approximately R743m, the telecoms operator said. Earnings in the March 2015 financial year were also boosted by lower asset impairments and declining expenses relating to post-retirement medical aid liabilities. Telkom is scheduled to release its annual results on June 8. At 11.32am, the stock was down 0.77% to R82.35. The JSE all share index also slipped 0.25% to 54,886.2 points.
