M&G: Will Telkom, MTN Continue to Pump Profits?

[Peapod]

http://allafrica.com/stories/200506030610.html

Telkom plans to present its results on Monday. In a mandatory preview it said its basic headline earnings per share would increase by between 35% and 55% compared with those in its previous financial year. Profits may not increase by quite as much but net profit should easily break R5-billion.

R160 rand in net profit a SECOND!!!!!!! I am puking.

MTN will present its results on Thursday. Its basic headline earnings a share will be up by 40% to 50%. With its net profit breaking R4-billion, the company would have made an average profit of about R130 a second for the year.

Again, Telkom set market price ergo MTN, VODA etc charge what the hell they like.

I am sickened.