Telkom jumps on profit forecast

Comment on this story
TelkomT Independent Newspapers Photo: Simphiwe Mbokazi.

Johannesburg - Shares in Telkom jump more than 5 percent as the fixed-line phone operator says full-year profit likely surged nine-fold thanks to cost cuts and the benefit of a hefty writedown the previous year.

Telkom is up 5.22 percent at 38.30 rand, giving up some of the gains after surging as much as 8 percent earlier. - Reuters

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines