TELKOM: 4,755 -12 (-0.25%)
Weaker operating environment weighs on South Africa's Telkom earnings
JOHANNESBURG, Nov 10 (Reuters) - Telkom SA, South
Africa's biggest landline provider, said on Friday half-year
earnings fell 7.4 percent due to lower revenues, impacted by
pricing pressures in the wholesale environment.
Telkom said its headline earnings per share (HEPS) for the
six months to end-September fell to 303.9 cents from 328.2
cents. HEPS are the main profit gauge in South Africa and
exclude certain one-off and non-trading items.
The group declared an interim dividend of 118.1 cents per
share, down 9.9 percent.
(Reporting by Nqobile Dludla; Editing by Ed Stoddard)
© 2018 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.