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Telkom reports 18% decline



Telkom has reported a decline in 18 percent full-year earnings mainly due to tough economic challenges facing its business clients.
Headline earnings per share for the year ended March fell to 597 cents from 731.4 cents the previous year.

Group profit after tax also declined 19.2 percent to R3.2 billion.
In an interview with our reporter Liabo Setho, Telkom CEO Sipho Maseko says the landline provider, will sharpen its focus on mobile and data services to offset its losses.

Telkom, plans to sell part of its 39 percent stake and is also grappling with an economy that is barely growing and intense competition.
Maseko explains begins to explain how the weak economic environment impacted on operations.

For more news, visit: sabcnews.com

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