TeleGeography Logo

Telkom reports marginal increase in revenues in FY13/14

13 Jun 2014

Telkom South Africa has announced its financial results for the fiscal year ended 31 March 2014, reporting 1.1% year-on-year growth in revenues, which rose to ZAR32.5 billion (USD3.04 billion) from ZAR32.1 billion reported in the corresponding period of 2013. The improvement came on the back of a 1.7% annual increase in data revenues to ZAR10.981 billion, and a 3.6% increase in revenues generated by internet access and related services (ZAR1.676 billion).

Meanwhile, EBITDA increased by 3.8% to ZAR8.4 billion, while net debt reached ZAR2.1 billion, an 0.8% improvement in twelve months. Further, Telkom recorded profit after tax of ZAR3.943 billion, significantly higher than the ZAR11.636 billion loss reported at end-March 2013. The positive development was partly driven by a ZAR169 million net curtailment gain, and a ZAR246 million tax benefit generated following workforce reduction expenses – including voluntary severance and early retirement packages.

In operational terms, the group reported a total of 1.803 million mobile subscribers in end-March 2014, up 17.6% from 1.534 million in Q1 2013. Its ADSL base grew by 6.5% to 926,944 in the twelve months under review, while fixed access lines dropped to 3.618 million, down by 4.8% from 3.8 million reported in 1Q13.

South Africa, Telkom South Africa

GlobalComms Database

Want more? Peruse the GlobalComms Database—the most complete source of intel about mobile, fixed broadband, and fixed voice markets.


TeleGeography is the definitive source for telecom news, numbers, and analysis. Explore the full research catalog.