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Telkom's headline earnings down ADSL South Africa (Broadband South Africa), 19 November 2007 Telkom’s headline earnings per share declined with 15.1% over the 6 months that ended on September 30, 2007. This is a sure sign that increased competition and other factors are starting to impact negatively on the profits of the telecoms giant.
‘Announcing the Telkom Group interim results for the six months ended September 30, 2007, acting CEO Reuben September today said that headline earnings per share declined by 15.1% despite group operating revenue increasing by 8.3%’ (Telkom profits down, MyBroadband, 19 November 2007). In other words, Telkom is finally starting to feel the pressure of the broadband revolution in South Africa. |
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