Telkom Reports 35% Drop In Full-Year Profit

Telkom SA Limited TLKGY reported a 35% decline in its full-year profit on Monday. Telkom's normalised headline EPS came in at 444.9 cents, versus a restated 686.7 cents, in the year-earlier period. However, analysts expected EPS of 408 cents. Its operating revenue dropped 5.2% to 33.4 billion rand ($4.91 billion). Its earnings before interest, tax, depreciation and amortisation (EBITDA) declined by 11%. TLKGY shares fell 1.47% to close at $21.49 on Friday. Read more from Benzinga's Company news.