Telkom expects improved FY24 results

JSE-listed Telkom on Wednesday said it expects a triple-digit increase in its basic earnings per share (BEPS) and headline earnings per share (HEPS) for the year ended March 31, 2024. This is attributed to a stronger operational performance driven by continued demand for next-generation technologies, the revenues of which increased 7% to comprise almost 80% of total group revenue, along with cost-optimisation initiatives.