RE­SULTS BE­FORE IN­VEST­MENTS

Finweek English Edition - - INVESTMENT -

On the sur­face, a good-look­ing up­date from Telkom. HEPS are ex­pected to be 20% higher, but when read­ing the whole SENS one can see that the num­bers have been im­pacted by a num­ber of non-op­er­a­tional is­sues, such as com­pe­ti­tion fines in the pre­vi­ous pe­riod, lower fi­nance charges and “a re­view of the un­der­ly­ing as­sump­tions for the de­ter­mi­na­tion of post-re­tire­ment ben­e­fits”. In other words, let’s wait for the ac­tual re­sults and see how the op­er­a­tional prof­its are do­ing, that’s the real profit in­vestors should care about.

Telkom SA SOC

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