MTN expects improved FY17 headline earnings

29th January 2018

By: Anine Kilian

Contributing Editor Online

     

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JSE-listed MTN expects to report an improvement of at least 20% year-on-year for headline earnings per share (HEPS) and earnings per share (EPS) for the 12 months ended December 31, 2017.

The telecommunications group reported a 77c headline loss a share and a 144c attributable loss a share in 2016, as a result of a $1.1-billion regulatory fine in Nigeria and losses from its 51% interest in Nigeria Tower Interco.

The group noted that both HEPS and EPS are likely to be positive.

MTN will release its results on March 8.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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