In South Africa Telkom posts 15.5 percent rise in full-year earnings

Telkom said its headline earnings per share (HEPS) for the year to end-March rose to 657.9 South African cents.

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A shopper walks past a Telkom shop at a mall in Johannesburg February 26, 2016. play A shopper walks past a Telkom shop at a mall in Johannesburg February 26, 2016. (REUTERS/Siphiwe Sibeko)
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Telkom SA, South Africa's biggest landline provider, posted a 15.5 percent jump in full-year profit on Monday and said it had successfully completed its turn-around strategy.

Telkom said its headline earnings per share (HEPS) for the year to end-March rose to 657.9 South African cents.

Headline earnings are the main profit gauge in South Africa and exclude certain one-off and non-trading items.

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