Telkom shares jump on surge in full-year earnings

Telkom expects to report an improvement of about 200% in full-year normalised headline earnings per share.

Wednesday that it expects to report an improvement of about 200% in full-year normalised headline earnings per share . The share price leapt higher on the disclosure.said it will report improved financial results despite what it described as “challenging economic and trading environments”.“Stronger operational performance was driven by continued demand for our next-generation technologies, along with cost-optimisation initiatives,” it said.

Reported Ebitda – a measure of operating profit – grew by about 18%, or 5% when normalised, in line with guidance. “For FY2023, the group correctly calculated and accounted for tax in the group statement of profit or loss and other comprehensive income,” it said.

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