Telkom announced on Monday that basic earnings per share from continuing operations are expected to be between 95 percent and 100 percent lower than the comparative period for the year ended 31 March.
Headline earnings per share (HEPS) from continuing operations were expected to be between 30 percent and 35 percent lower than that of the prior year‚ the company said.
The trading statement was in reference to a previous statement‚ released on 30 March‚ wherein the company announced expected basic and headline earnings per share from continuing operations for the year ended 31 March to be at least 90 percent and 25 percent lower than the previous year‚ respectively.
“It should be noted that Telkom's results for the year ended 31 March 2011 will be restated to reflect the entire investment in Multi-Links as a discontinued operation‚” Telkom said.
The restated basic earnings per share from continuing operations for the year ended 31 March 2011 will be 481.2 cents per share and the restated headline earnings per share from continuing operations will be 484.8 cents per share.
Telkom's results for the year ended 31 March will be released on or about 8 June.
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