Telkom hits 2009 trading levels
Shares in Telkom hit a four and a half year high in trade on Tuesday (3 June) as the group prepares to publish its results next week.
The group added 5% or R1.94, to R40.84 on the JSE in late afternoon trade, representing the first time the group has broken through the R40 level since November 2009.
The growth in Telkom’s share price has led to a 52 week return of 180%, and a market cap of R20.9 billion.
Last week, Telkom said that its expects headline earnings per share from continuing operations for the year ended March 2014, to be between 772 to 789 cents higher than its restated HEPS in 2013.
Basic earnings per share from continuing operations for the 2014 financial year are expected to be between 2,972 and 3,428 cents higher than the restated BEPS for the 2013 financial year, it said.
Telkom says its expects to publish its results on about 13 June 2014.
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