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MTN expects 25% to 30% HEPS, EPS increases

20th February 2014

By: Leandi Kolver

Creamer Media Deputy Editor

  

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Mobile operator MTN expects its headline earnings per share (HEPS) and attributable earnings per share (EPS) for the year ended December 31 to be between 25% and 30% higher than that of the prior year, the company said on Thursday.

MTN stated that the HEPS and EPS for the year were positively affected by foreign exchange gains of about R1.1-billion compared with foreign exchange losses of about R2.7-billion in 2012.

“The foreign exchange gain was mainly a result of a R2.3-billion exchange rate gain in MTN Mauritius partly [being] offset by foreign exchange losses on certain operational working capital accounts,” the company said.

MTN would announce its financial results for the period on March 5.

Edited by Tracy Klückow
Creamer Media Contributing Editor

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