Telkom expects 37c to 56c increase in basic earnings a share
JSE-listed telecommunications group Telkom on Monday reported that its basic earnings a share (Beps) for the six months ended September 30, were expected to be between 37c and 56c higher than that of the prior corresponding period, while headline earnings a share (Heps) were expected to be between 113c to 133c higher.
The increases in Beps and Heps excluded the impact of a R2.2-billion noncash curtailment and settlement gain on the company’s post-retirement medical aid liability.
Further, the six months under review excluded the impact of the R389-million Competition Commission fine that affected the results for the six months ended September 2012.
Including the R2.2-billion gain, Telkom’s Beps were expected to be between 546c and 550c higher than the restated Beps for the previous corresponding period, while Heps were expected to be between 622c and 628c higher.
Meanwhile, the telecommunications group stated that its payments to mobile operators during the six months were about R380-million lower than that of the prior comparative period, while foreign exchange value gains increased by about R219-million.
Telkom further stated that depreciation, amortisation, impairments and write-offs reflected a year-on-year increase of about R125-million, despite a depreciation saving relating to the R12-billion impairment to the asset base in March 2013.
“The saving in depreciation has been offset by accelerated depreciation emanating from the review of the useful lives of drop wires installed at customer premises and the impairment of spare parts and service equipment reclassified from inventory to property plant and equipment in terms of an amendment to International Accounting Standard 16 of the International Financial Reporting Standards,” the company said.
Telkom would release its results for the six months on November 18.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Showroom
EIMS is an independent specialised environmental consulting firm offering the full spectrum of environmental management services across all sectors...
VISIT SHOWROOM
CMTS is a leading, well-established EC&I contractor with 37+ years of mining and industrial experience. We execute full-scope EC&I projects with...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
