Trading Statement – Telkom expects a decline in earnings per share (excluding the restructuring costs and impairment of assets charge referred to below) in the current period, driven by marginal revenue growth emanating from migrating legacy to new generation technologies; the deliberate upfront investment in working capital for handsets and equipment; costs associated with the impact of accelerated loadshedding caused by an unreliable power supply; and inflationary cost pressures. HEPS are expected to be 85[_105] lower to between (28.8) to 86.3 cps as a result.
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