Telkom has released its group interim results for the six months ended 30 September 2017.
The company said 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.
“Even though South Africa exited the technical recession in the second quarter of the year, business confidence remains very low.”
Despite the tough conditions, Telkom’s mobile division showed strong growth.
“The mobile business growth trajectory continued in the period with strong growth in active customers and stable ARPUs, resulting in an increase of 43.2% in mobile service revenue,” said Telkom.
“The strong mobile growth which boosted the group’s performance was underpinned by an expansion of our network, distribution, and the launch of innovative products which were well received by our customers.”
“We are pleased that our mobile business received the MyBroadband Best Mobile Broadband Provider of the year award, in the best value for money category.”
Standout results from the mobile division were:
- Mobile broadband subscribers – Up 25.2% to 2,848,568
- Active mobile subscribers – Up 35.9% to 4,364,508
- Prepaid subscribers – 3,035,173
- Postpaid subscribers – 1,329,335
- Smartphone subscribers – Up 28.4% to 2,060,645
- ARPU – Up 4.1% to R92.46