Telkom’s share price surged 5.5% to R30.42 yesterday after it reported market-beating results for the six months ended 30 September, driven by gains in mobile and fibre revenue while containing costs, leading to adjusted headline earnings per share from continuing operations gaining 68% 146.9 cents per share.
Mobile subscribers gained 24.6% to 22.7 million, the bulk of which were pre-paid, Telkom’s results booklet showed. This led to a 10% increase in revenue from this unit to R10 billion, at an earnings before interest, tax, depreciation, and amortisation (EBITDA) margin of 30.4%.
Its fibre business increased revenue 15.5%, with 1.3 million homes now passed, an increase of 11.4%.
About 640 730 homes are now connected to fibre, an 18.1% increase, with these households consuming 1 389 Petabytes of data each month…