JSE-listed Telkom has reported that it expects a double-digit decline in earnings during the six months ended September 30 , mostly owing to a change in Telkom’s mobile postpaid and prepaid mix, which led to a deferment in revenue over 24 to 36 months, as well as an increasing cost base. In a trading update to shareholders on Monday, the group said its reported headline earnings per share (HEPS) and reported basic earnings per share (BEPS) are expected to decrease between 45% and 55% year-on-year.
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