Telecommunications group MTN expects to report basic headline earnings a share of between 210c and 230c and basic earnings a share of between 280c and 300c for the six months ended June 30.
This compares with a headline loss a share of 271c and an attributable loss a share of 301c in the six months to June 30, 2016.
The results for the first half of 2016 had been negatively impacted by a $1.1-billion regulatory fine in Nigeria and losses from the group’s 51% interest in Nigeria Tower Interco as a result of unrealised losses on US dollar-denominated loans.
MTN’s interim results will be published on August 3.