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TELKOM SA LIMITED - Trading Statement - 6 Months Ended 30 September 2012

Release Date: 20/09/2012 11:05
Code(s): TKG     PDF:  
Wrap Text
Trading Statement - 6 Months Ended 30 September 2012

Telkom SA Limited 

(Registration Number 1991/005476/06) 

ISIN ZAE000044897 

JSE Share Code TKG 

 

Trading statement  

In terms of paragraph 3.4(b) of the JSE Listings Requirements, companies are required to publish a 
trading statement as soon as they become reasonably certain that the financial results for the period 
to be reported on next will differ by at least 20% from those of the previous corresponding period. 

Shareholders  are  advised  that  basic  earnings  per  share  from  continuing  operations  for  the  six 
months ending 30 September 2012 is expected to be at least 45% lower than the comparative period 
in the prior year. Headline earnings per share from continuing operations for the six months ending 
30 September 2012 are expected to be at least 65% lower than the comparative period in the prior 
year.  The  lower  earnings  are  mainly  attributable  to  an  increase  in  the  provision  for  Competition 
Commission fines relating to transgressions of the company dating back approximately 10 years. The 
operational performance for the period up to 31 August 2012 has been further characterised by flat 
revenue and operating cost that escalated just below inflation.  

Telkom will provide an updated trading statement once there is reasonable certainty within a 20% 
range of the results when compared to the previous comparable period. 

    

Release of interim results 


Telkom  plans  to  release  its  results  for  the  six  months  ended  30  September  2012  on  or  about 
Monday, 19 November 2012. 

This  trading  statement  has  neither  been  reviewed  nor  reported  on  by  the  company’s  external 
auditors. 

 

20 September 2012 

Sponsor: UBS South Africa (Pty) Ltd 

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