MTN projects 20% increase in full year earnings

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MTN is expecting to report an earnings improvement of at least 20 per cent for the year ended 31 December 2018.  This is according to a trading statement released by the JSE-listed company.

MTN operates in 21 markets across Africa and the Middle East. It expects to release its full financial results for the financial year on Thursday, 7 March

MTN said it expects to report an improvement of 36.4c and 49.2c respectively in both headline earnings per share (HEPS) and attributable earnings per share (EPS) for the 12-month period. This compared with HEPS of 182c and attributable EPS of 246c for the prior financial year.

At the end of December 2016, the group had reported a full-year headline loss per share of 77c which was significantly impacted by the group’s Nigerian regulatory fine, which had a 500c negative impact on HEPS at the time.

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