JSE-listed telecommunications operator Telkom expects headline earnings per share for the six months ended 30 September 2012 to be between 78% and 83% lower than the same period a year ago.
The company issued an updated trading statement on Wednesday.
Basic earnings per share for the same period are expected to be between 62% and 67% lower than that of the prior period.
Telkom’s expects to release its interim results on 19 November.
The company’s share price was marginally down on Wednesday morning in the wake of the announcement. The share was trading virtually unchanged on Wednesday morning after trading earlier in the day at a fresh 52-week low of R16,19/share. The share has lost nearly half its value in the past year. — (c) 2012 NewsCentral Media