Telkom posts big increase in revenue
Telkom has released its Group Interim Results for the six months ended 30 September 2016, which show a big increase in revenue for the company.
Telkom CEO Sipho Maseko said the company delivered a strong performance in a tough economy, where “businesses continue to operate under pressure”.
“The consolidation of Business Connexion, as well as the satisfactory performance of our mobile business, drove revenue performance during the six months,” said Maseko.
Maseko said customer experience remains a priority and the company has undertaken a process redesign that will “simplify and improve” the quality of interactions with customers.
“As part of our systems redesign programme, we have also progressed well with the fixed and mobile convergence platform for our consumer and enterprise business.”
Highlights from the results included:
- Operating revenue up 20.6% to R20.2 billion
- Net operating revenue up 3.3% to R13.8 billion.
- EBITDA increased 4.6% to R5.3 billion with an EBITDA margin of 26.1%.
- Headline earnings per share increased 19.7% to 336.0 cents.
- Capex increased 55.8% to R3.6 billion with capex to revenue of 18.0%.
- Group’s net cash and cash equivalents increased to R1.8 billion supporting the interim dividend of 131 cents per share.
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