Feedback

Telecommunications news

Subscribe to industry newsletters

Bizcommunity has over 400 industry contributors and we always welcome further contributions and contributors.
Advertise with us
Advertise & RatesMy Account
Company press officeList company
Recruitment packagesSubmit job ad
Download ratecard
Telecommunications news

MTN earnings up 27.3% to R13.86

MTN Group has reported a 27.5% rise in headline earnings per share (HEPS) to R13.86 for the year to December.
MTN's overall revenue reached R136.4bn for the year to December but it said the South African results were disappointing. Image:Free Digital Photos
MTN's overall revenue reached R136.4bn for the year to December but it said the South African results were disappointing. Image:Free Digital Photos
Revenue for the period was up 12% to R136.4bn‚ lifted by weakness in the rand exchange rate against a number of currencies in which its businesses operate.

For the year as a whole‚ the rand declined by 18.3% on average against the dollar. On a constant currency basis‚ revenue increased by a more muted 3.1%.

This was largely the result of a 6.1% decline in revenue at MTN South Africa and 5.7% growth to R48.1bn at MTN Nigeria.

The company's Nigerian operation continued to improve its performance during the year‚ but the South African business delivered disappointing results.

MTN said its South African operations showed signs of improved performance in the second half and the executive team was focused on helping this business deliver an improved overall performance in the year ahead.

SA operation disappointing

Total revenue from South African operations declined 6.1% to R39.7bn. This was affected by a R1.8bn adjustment made to revenue as a result of management reviewing the accounting treatment for handset sales.

MTN said that excluding this adjustment‚ revenue declined by 1.6% mainly a result of lower outgoing voice revenue‚ which was down 8.3% to R19.3bn.

Overall voice revenue contributed three-quarters of total revenue‚ although it continued to face pressure as a result of aggressive price competition and lower mobile termination rates‚ which caused a decrease of 1.8 percentage points in its contribution to overall revenue.

Group data revenue increased from 32.6% to 41.4% generating R20.6bn.

MTN declared a final dividend of R6.65 per share‚ with the total dividend for the year amounting to R10.35 per share.

MTN said it would continue to explore opportunities to expand its product offering outside traditional voice services and expected to increase its presence in the digital market by leveraging technology and maximising the opportunity of low internet penetration in some of its markets.


SOURCE

I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
    
 
LEGAL DISCLAIMER: This Message Board accepts no liability of legal consequences that arise from the Message Boards (e.g. defamation, slander, or other such crimes). All posted messages are the sole property of their respective authors. The maintainer does retain the right to remove any message posts for whatever reasons. People that post messages to this forum are not to libel/slander nor in any other way depict a company, entity, individual(s), or service in a false light; should they do so, the legal consequences are theirs alone. Bizcommunity.com will disclose authors' IP addresses to authorities if compelled to do so by a court of law.

News