JOHANNESBURG (Reuters) -South African telecommunications firm Telkom reported on Tuesday a 16.4% rise in headline earnings per share (HEPS) driven by its data-led strategy.
Telkom, majority owned by the government, said its HEPS – a key profit measure – rose to 305.6 cents in the six months ended September 30, up from 191.5 cents a year earlier.
The firm’s group revenue climbed 3.4% to 22.1 billion rand ($1.28 billion), boosted by mobile data revenue growth of 10.3% and fibre-related data revenue growth of 12.3%.
Data revenue increased by 7.9%, contributing a 59.1% share to total revenue.
“Our data-led strategy will continue to act as a catalyst for growth as we strengthen our unique position as the backbone of South Africa’s digital future,” group CEO Serame Taukobong said in a statement.
The group did not declare interim dividends.
($1 = 17.2019 rand)
(Reporting by Siyanda Mthethwa; Editing by Jamie Freed and Tom Hogue)
