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MTN's earnings likely to be up at least 20%

2 Aug 2013

MTN Group said on Thursday (1 August) that for the six months to June it expected an increase of between 20% and 25% in headline earnings per share compared with the previous year.

MTN's earnings likely to be up at least 20%

Its results are expected to be announced on 14 August 2013.

The headline earnings per share for the six month period were positively affected by foreign exchange gains of about R1bn compared with foreign exchange losses of about R1.5bn in the previous year.

These losses related to some of the group's subsidiaries. This resulted in lower net finance costs for the company‚ MTN said in a trading update.

Source: I-Net Bridge

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