Telkom earnings fall as mobile sales slow, costs rise

South African telecoms operators Telkom reported on Wednesday a 51.9% fall in half-year earnings, dragged down by reduced revenue and increasing business costs.

The majority state-owned operator, said headline earnings per share – the main profit measure in South Africa – fell to 137.2 cents in the six months ended Sept.30, down from 285.5 cents a year ago. Nasdaq