Telkom is still struggling to emerge from its cobwebby past as a landline-based monopoly, writes mcleodd.
Is Telkom in trouble? Its interim results last week, for the six months to September 30, showed a marked deterioration in many key financial metrics. It also lowered its guidance for revenue and earnings.
Headline earnings per share were cut in half compared with the same period a year ago, while earnings before interest, taxes, depreciation and amortisation — a measure of core operational profitability — fell 17.3%...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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