Weaker operating environment weighs on South Africa’s Telkom earnings

JOHANNESBURG    – Telkom SA, South Africa’s biggest landline provider, said on Friday half-year earnings fell 7.4 percent due to lower revenues, impacted by pricing pressures in the wholesale environment.

Telkom said its headline earnings per share (HEPS) for the six months to end-September fell to 303.9 cents from 328.2 cents. HEPS are the main profit gauge in South Africa and exclude certain one-off and non-trading items.

The group declared an interim dividend of 118.1 cents per share, down 9.9 percent.(Reuters)

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