TKG - Telkom SA Limited - Updated trading statement for the six months
TKG
TKG
TKG - Telkom SA Limited - Updated trading statement for the six months
ended 30 September 2011
Telkom SA Limited
(Registration Number 1991/005476/06)
ISIN ZAE000044897
JSE Share Code TKG
("Telkom")
Updated trading statement for the six months ended 30 September 2011
Further to the trading statement released on 29 September 2011 and in
accordance with section 3.4 (b) of the JSE Listings requirements, Telkom
hereby advises shareholders that headline earnings per share from
continuing operations for the six months ended 30 September 2011 are
expected to be between 33% and 38% lower than the comparative period.
Basic earnings per share from continuing operations are expected to be
between 68% and 73% lower than that of the corresponding reporting period
in the prior year.
Multi-Links delivered an operating loss of R269 million for the six
months that will be reported as discontinued operations.
The sale of Multi-Links was concluded on 3 October 2011. The sale of
Multi-Links will result in a net loss of approximately R1 billion mainly
due to the cumulative amount of exchange differences, previously
recognised in non-distributable reserves, being realised. This loss will
be recognised in the second half of the financial year.
Telkom plans to release its results for the six months ended 30 September
2011 on Monday, 21 November 2011.
This trading statement has neither been reviewed nor reported on by the
company`s external auditors.
Johannesburg
10 November 2011
Sponsor: UBS South Africa (Pty) Ltd
Date: 10/11/2011 14:00:01 Produced by the JSE SENS Department.
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