Total headline earnings per share and basic earnings per share increased by more than 100% to 376 cents and 385.5 cents, respectively, says the firm.
Telkom delivered improved financial results, despite inflationary pressures and the added operating cost resulting from power outages in SA.The company, led by CEO Serame Taukobong , today announced its group annual financial results for the year ended 31 March.
Telkom delivered improved financial results despite inflationary pressures and the added operating cost resulting from power outages in South Africa. The firm states that subsidiary BCX made good strides in growing its IT service revenue, and Swiftnet's tower rollout programme and tenant growth further contributed to revenue growth and margin expansion for the Telkom Group.“We invested R6.1 billion towards network resilience, expanding our mobile network, modernising our fixed network infrastructure and fortifying our skills and capabilities for information and communication technology managed services,” says Telkom.
According to the company, from a loss position in the prior year, profit for the year also increased by more than 100% to R1.9 billion, boosted by the non-recurrence of once-off restructuring costs and lower depreciation, while higher interest rates increased net finance costs compared to the prior year.
It explains that mobile service revenue growth was primarily due to mobile data revenue, which increased by 10.6%, contributing R14.3 billion to total mobile revenue.“As we focused on sustainable growth, we continued to refine our operational efficiencies and optimise cost structures. EBITDA grew by 24.2% to R4 billion as a result, and the EBITDA margin expanded to 15.5% . The mobile business also improved its EBITDA margin to 22.
Serame Taukobong Telkom Mobile Openserve Mobile Broadband BCX Swiftnet
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
First confirmed Mpox case in Western Cape raises SA's total to 7The first case of Mpox (monkeypox) in the Western Cape has been recorded, bringing the total number of confirmed cases in South Africa to seven. Also read: Second confirmed Mpox death raises alarm bells in South Africa According to the National Department of Health, a 39-year-old man was admitted to a local private health facility in Cape Town.
Read more »
French left vows ‘total break’ with Macron policiesFrance's left pledges a 'total break' from Macron's policies if victorious in historic polls.
Read more »
Joburg's City Power to implement load reduction to protect grid from total collapseJoburg's City Power to implement load reduction to protect grid from total collapse
Read more »
Priority Income Fund Announces 11.6% Annualized Total CashSouth Africa Today, News source, provides breaking news on South Africa, world, Africa, sport, travel and more.
Read more »
New minimum wage row plunges Nigeria into total blackoutAirports, ports, power… A dispute between the labour union and the federal government over what should be the new minimum wage has thrown Africa’s most populous nation into a total blackout amid a cost-of-living crisis that has hit households and businesses.
Read more »
Total Energy Services Inc. Announces DividendCALGARY, Alberta, May 31, 2024 (GLOBE NEWSWIRE) -- Total Energy Services Inc. (“Total Energy”) (TSX:TOT) announces that its Board of Directors has declared a quarterly dividend of $0.09 (Cdn.) per common share for the quarter ending June 30, 2024 on Total Energy’s outstanding common shares.
Read more »