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MyPE

Community Business Directory, Event Listings, News and Views from Gqeberha, Nelson Mandela Bay

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Telkom Earnings Down 35.2%

13 June 2011 By Alan Straton

Headline earnings per share for Telkom fell by 35.2 percent to 444.9 cents while normalized operating revenue is down 5.2 percent for the year ended March 2011. "Competition, pricing pressures and regulatory intervention have all had an impact on our revenue. The declines seen in our traditional fixed-line voice revenue are set to continue. The year under review has been tough, with revenue declining 5.2 percent to R33.4 billion," said Group Chief Executive Officer Nombulelo Moholi. She … [Read more...] about Telkom Earnings Down 35.2%

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