Telkom has released its group interim results for the six months ended 30 September 2017. The company’s operating revenue was down by 0.6% compared to last year, reaching R20.1 billion. “The first half of the year was characterised by a tough economic environment and increased competition,” said Telkom.
Telkom said business confidence remained low in South Africa, despite the country exiting a recession in the second quarter of the year.
Standout numbers from the results show that Telkom’s fixed-line operating revenue decreased, while its mobile voice and subscriber revenue rose by 12.9% to R587 million.
The rise is attributed to a 35.9% increase in the number of active mobile subscribers on the Telkom network.
The table below details how Telkom makes its money, and shows where it has grown since 2016.