Listed fixed-line operator Telkom is expected to report a more than 60% drop in earnings for the year to end March, driven by expected Covid-19-related losses and the costs of its restructuring programme.
The fixed-line operator said these reductions are mainly due to one-off costs of about R1.2bn relating to its restructuring programme. Telkom has additionally impaired some of its trade receivables and contract assets due to Covid-19, to the tune of R626m. Without the effects of the retrenchment costs, Telkom said HEPS would be expected to decrease by 30% to 35%, and BEPS to decrease by 35% to 40%
Source: News Formal (newsformal.com)
Where is the minister of communication in all this... Stellarated your leadership is required here, you were no where to be found during the DataMustFall movements, Telkom is taking yet another dip, ukuphi kanti?
Uzozwa sebethi More Nice is no more🤦🏽♂️
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