Telkom has released its group interim results for the six months ended 30 September 2017.
The company’s operating revenue was down by 0.6% compared to last year, reaching R20.1 billion.
“The first half of the year was characterised by a tough economic environment and increased competition,” said Telkom.
Telkom said business confidence remained low in South Africa, despite the country exiting a recession in the second quarter of the year.
Standout numbers from the results show that Telkom’s fixed-line operating revenue decreased, while its mobile voice and subscriber revenue rose by 12.9% to R587 million.
The rise is attributed to a 35.9% increase in the number of active mobile subscribers on the Telkom network.
The table below details how Telkom makes its money, and shows where it has grown since 2016.
|Operating Revenue||September 2017 (Rm)||September 2016 (Rm)||Change|
|Voice and subscriptions||6,983||7,485||-6.7%|
|Mobile voice and subscriptions||587||520||+12.9%|
|Internet access & related services||951||994||-4.3%|
|Managed data network services||545||566||-3.7%|
|Customer premises equipment sales & rentals||1,766||1,707||+3.5%|
|Mobile handset & equipment sales||1,147||1,075||+6.7%|
|IT service solutions||2,089||2,306||-9.4%|
|IT hardware and software||374||311||+20.3%|