TELKOM FY EARNINGS FALL 18.4% ON HIGHER TAX RATE

JOHANNESBURG РThe country largest landline provider, Telkom SA  said on Monday full-year earnings declined 18.4%, mainly due to a significant rise in the effective tax rate.

Telkom said which also provides ICT solutions, their headline earnings per share for the year ended March fell to 597 cents from 731.4 cents in the previous year.

Headline EPS which is the main profit measure in South Africa and strips out certain one-off items.

They also said that the group profit after tax declined 19.2% to R3.2 billion ($257.25 million).

Photo Credit- BusinessWeb

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