{"id":35090,"date":"2013-04-08T10:48:04","date_gmt":"2013-04-08T08:48:04","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=35090"},"modified":"2013-04-08T11:24:06","modified_gmt":"2013-04-08T09:24:06","slug":"telkom-sees-continued-earnings-slide","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/35090\/telkom-sees-continued-earnings-slide\/","title":{"rendered":"Telkom sees continued earnings slide"},"content":{"rendered":"

Telkom<\/a> advised on Monday (8 April)\u00a0that headline earnings per share for\u00a0the year ended March 2013 are expected to be at least 20% lower than the 324.7\u00a0cents recorded in the prior year.<\/p>\n

Shares in the group declined 1.79% in mid morning trade on the JSE to R14.43, valuing the company at R7.51 billion.<\/p>\n

Telkom noted that it was required to publish a trading statement as soon as it had become reasonably certain that its financial results will differ by at least 20% from those of the previous corresponding period.<\/p>\n

“An updated detailed trading statement will be released prior to the announcement of the
\nresults for the year,” it said.<\/p>\n

In 2012, Telkom reported that its HEPS had decreased 33% to 324.7 cents.<\/p>\n

Group operating revenue decreased by 0.7% to R33.079 Billion in the year ended March 2012.<\/p>\n

In a statement in June 2012, Telkom said that its financial position remained strong, with net debt, after financial assets and liabilities, from continuing operations down by 19.8% to R3.933 billion.<\/p>\n

On 31 March 2012, the group reported cash balances of R1.165 billion, from R1.773 billion in 2011.<\/p>\n

Last month, Telkom appointed\u00a0Sipho Maseko<\/a>\u00a0as the group’s \u00a0new CEO.\u00a0The telco also announced the appointment of Dr\u00a0Brian Armstrong<\/a>\u00a0as group chief operating officer.<\/p>\n

More on Telkom<\/h3>\n

Telkom shares buoyed by new leadership<\/strong><\/a><\/p>\n

Sipho Maseko the new Telkom CEO\u00a0<\/strong><\/a><\/p>\n

Telkom not waiting for govt guidance: reports<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Telkom has warned that its earnings for the year ended March 2013, are expected to be at least 20%<\/p>\n","protected":false},"author":10,"featured_media":26584,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[21,1],"tags":[26,175,2414,65],"class_list":["post-35090","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-telecommunications","category-trending","tag-headline","tag-jse","tag-sipho-maseko","tag-telkom"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/35090","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=35090"}],"version-history":[{"count":7,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/35090\/revisions"}],"predecessor-version":[{"id":35100,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/35090\/revisions\/35100"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/26584"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=35090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=35090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=35090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}