Telkom reports improved FY financial performance

JSE-listed Telkom on Monday declared a dividend of 422c a share – a year-on-year jump of 56.3% – as it reported improved profitability for the year ended March 31. The telecommunications giant reported a 12.4% increase in headline earnings a share to 731.4c on the back of improved operating profits, while basic earnings a share declined 1.5% to 749.1c.