https://www.engineeringnews.co.za

Telkom expects FY18 earnings drop

18th May 2018

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

     

Font size: - +

JSE-listed Telkom on Friday said it expected its headline earnings per share (HEPS) and basic earnings per share (BEPS) for the year ended March 31, to have declined by between 15% and 25% year-on-year.

HEPS are expected to be between 541.1c and 611.1c, representing a 110c to 180c drop on the 721.1c reported in the 2017 financial year, while BEPS are expected to decrease to between 554.1c and 628c in the 2018 financial year, compared with the BEPS of 738.8c achieved the year before.

The information and communication technology group attributed the decrease to a significant increase in its effective tax rate, from the 15.2% in 2017 to slightly below the South African corporate tax rate, as well as higher labour costs driven by both inflationary and market-related adjustments.

The prior year’s reported earnings were impacted on by voluntary severance packages and voluntarily early retirement packages of R66-million, with a related tax benefit of R13-million.

Telkom plans to publish its financial results for the year to March 31 on May 28.

Edited by Creamer Media Reporter

Comments

Showroom

John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

VISIT SHOWROOM 
M and J Mining
M and J Mining

M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (12/04/2024)
12th April 2024 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.086 0.142s - 164pq - 2rq
Subscribe Now