Telkom expects FY18 earnings drop

JSE-listed Telkom on Friday said it expected its headline earnings per share (HEPS) and basic earnings per share (BEPS) for the year ended March 31, to have declined by between 15% and 25% year-on-year. HEPS are expected to be between 541.1c and 611.1c, representing a 110c to 180c drop on the 721.1c reported in the 2017 financial year, while BEPS are expected to decrease to between 554.1c and 628c in the 2018 financial year, compared with the BEPS of 738.8c achieved the year before.