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Telkom H1 net revenue up 1.6% to ZAR 13.3 bln

2014-11-17 09:17:00| Telecompaper Headlines

(Telecompaper) Telkom South Africa said its net revenues increased by 1.6 percent to ZAR 13.3 billion in the six months to 30 September compared with the same period in 2013. It said in light of the tough economic and business environment, this shows the resolve of management to curtail losses and improve the business in future. Profit fell by 62 percent to ZAR 1.11 billion from ZAR 2.89 billion a year earlier. Group EBITDA excluding one-off items increased by 12.1 percent to ZAR 4.4 billion. Headline earnings per share excluding one-off items increased 14.9 percent to ZAR 0.2617.

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