JOHANNESBURG - Telkom’s share price rallied after the telecommunications group reported a strong jump in annual earnings and increased its dividend payout to shareholders.
The company says headline earnings rose by more than 30 percent, driven by continued growth in its mobile and fibre businesses as demand for data services remained strong.
READ | Telkom profits rises on strong data revenue growth
Telkom also lifted its dividend payout ratio, signalling confidence in its financial position despite ongoing pressure from legacy fixed-line services.
Investors welcomed the results, with the company continuing its turnaround strategy while focusing on next-generation connectivity and digital services.