Telecommunications network operator Telkom is expecting a 50% to 70% increase in earnings per share for the six months to end-September.
The company says in an update to shareholders that headline earnings per share for the period are expected to be 35% to 55% higher than those of the same period the previous year.
Telkom says the results were affected by revenue growth, related taxation and extending the useful lives of certain assets.
"There are no significant differences between basic and headline earnings per share," the update adds.
The results are expected to be published on 14 November.
For the six months to September 2004, Telkom achieved earnings of 503.7c a share and an almost 60% increase in headline earnings to 536.9c a share.
The latest forecast indicates that Telkom will post earnings of between 755c and 856c a share and headline earnings of between 724c and 832c a share.
The Telkom share gained R1.31 or 1.1% to close at R123.01 on the JSE yesterday.
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