June 15, 2020 / 2:07 PM / a month ago

South Africa's Telkom flags 70% fall in annual earnings

JOHANNESBURG, June 15 (Reuters) - South African telecom firm Telkom predicted an up to 70% fall in annual earnings on Monday due to once-off costs relating to job cuts and impairments.

Telkom said it expects headline earnings per share, the main profit measure in South Africa, to tumble by between 65% to 70% for the full-year ended March 31.

It will announce its results on June 22.

Reporting by Nqobile Dludla

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