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.