Telkom SA Limited trading statement and cautionary announcement
Johannesburg, October 28 /PRNewswire/ -- Telkom SA Limited
(Registration Number 1991/005476/06)
ISIN ZAE000044897
JSE and NYSE Share Code TKG
("Telkom" or "the Company")
In terms of the Listings Requirements of the JSE Securities Exchange, South
Africa ("JSE Listings Requirements"), companies are required to publish a
trading statement as soon as they become aware that the financial results for
the period to be reported upon next will be materially different from that of
the previous corresponding period.
Telkom is currently finalising its results for the 6 month period ending 30
September 2003, which are expected to be released on 24 November 2003.
Telkom accordingly advises that it expects both earnings per share and headline
earnings per share for the 6 month period ending 30 September 2003 to be
substantially above earnings per share and headline earnings per share for the 6
month period ended 30 September 2002. In terms of the JSE Listings Requirements,
"substantially" is defined as an increase or decrease of more than 30%.
Cautionary announcement The above information has not been reviewed or reported on by the Company's
auditors. Shareholders are therefore advised to exercise caution when dealing in
the Company's securities until the publication of the Company's results for the
six months ended 30 September 2003.
Johannesburg 28 October 2003 Sponsor: UBS Special note regarding forward-looking statements Many of the statements included in this announcement constitute or are based on
forward-looking statements within the meaning of the US Private Securities
Litigation Reform Act of 1995, specifically Section 21E of the US Securities
Exchange Act of 1934, as amended. This statement contains forward-looking
statements, particularly the projections related to our September 30, 2003
results. These forward-looking statements involve a number of known and unknown
risks, uncertainties and other factors that could cause our actual results and
outcomes to be materially different from those expressed or implied by such
forward-looking statements. We caution you not to place undue reliance on these
forward-looking statements. All written and oral forward-looking statements
attributable to us, or persons acting on our behalf, are qualified in their
entirety by these cautionary statements. Moreover, unless we are required by law
to update these statements, we will not necessarily update any of these
statements after the date of this annual report, either to conform them to
actual results or to changes in our expectations. Telkom SA Limited files an
annual report on Form 20-F with the US Securities and Exchange Commission (SEC),
which includes a detailed description of risk factors that may affect its
business. Telkom filed its Form 20-F annual report for the year ended March 31,
2003 on August 4, 2003. For further information you should refer to the Form
20-F and other filings with the US SEC annual report which are available on the
investor relations website at http://www.telkom.co.za/ir.
DATASOURCE: Telkom SA Limited Belinda Williams, Executive: Investor Relations, Tel: +27 12 311 5720, Fax: +27
12 311 5721, Cell: +27 82 571 2087
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