MTN slips to January lows on trading update

MTN shares fell almost 6% to their lowest level since January following the release of a relatively weaker trading update...
MTN slips to January lows on trading update

Africa's largest mobile operator expects basic headline earnings per share (HEPS) in the six months to June to decline between 10% and 15% from the year earlier period.

The company, which has about 227.5-million subscribers, said an adverse exchange rate had affected its revenue and earnings before interest, taxes, depreciation and amortisation.

The top 40 counter was down 5% at R202.22 in the midmorning session, valuing the company at R373.12bn.

Source: BDpro


 
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