{"id":54513,"date":"2014-03-18T12:35:23","date_gmt":"2014-03-18T10:35:23","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=54513"},"modified":"2014-03-18T12:35:23","modified_gmt":"2014-03-18T10:35:23","slug":"telkom-sees-improved-earnings","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/telecommunications\/54513\/telkom-sees-improved-earnings\/","title":{"rendered":"Telkom sees improved earnings"},"content":{"rendered":"<p>Telkom has advised that it expects headline earnings per share for the year ending March 2014 to be at least 20% higher than in 2013.<\/p>\n<p>Shares in Telkom advanced 1.5% in midday trade on the JSE, to R31.27, showing a 52 week return of 129%.<\/p>\n<p>The group said its pending results will be positively impacted by the net curtailment gain of approximately R2 billion recognised on the post-retirement medical aid liability and the related tax benefit of approximately R246 million.<\/p>\n<p>The group said that results for the prior comparable period were negatively affected by:<\/p>\n<ul>\n<li>The R 12 billion non-cash impairment of assets;<\/li>\n<li>The provision for the Competition Commission fines of R592 million; and<\/li>\n<li>R434 million relating to the cost of voluntary severance and early retirement packages.<\/li>\n<\/ul>\n<p>Telkom expects to publish its annual results on about 13 June 2014.<\/p>\n<h3 class=\"my-4\">More on Telkom<\/h3>\n<p><a title=\"Telkom and MTN tie up network agreement\" href=\"http:\/\/businesstech.co.za\/news\/mobile\/54074\/telkom-and-mtn-tie-up-network-agreement\/\"><strong>Telkom and MTN tie up network agreement<\/strong><\/a><\/p>\n<p><a title=\"CFO speaks out against Telkom\" href=\"http:\/\/businesstech.co.za\/news\/telecommunications\/52295\/cfo-speaks-out-against-telkom\/\"><strong>CFO speaks out against Telkom<\/strong><\/a><\/p>\n<p><a title=\"Telkom plans big year of change\" href=\"http:\/\/businesstech.co.za\/news\/telecommunications\/52182\/telkom-plans-a-big-year-of-change\/\"><strong>Telkom plans big year of change<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Telkom has advised that it expects headline earnings per share for the year ending March 2014 to be at least 20% higher than in 2013.<\/p>\n","protected":false},"author":10,"featured_media":50234,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[26,65],"class_list":["post-54513","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-telecommunications","tag-headline","tag-telkom"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/54513","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=54513"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/54513\/revisions"}],"predecessor-version":[{"id":54520,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/54513\/revisions\/54520"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/50234"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=54513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=54513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=54513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}