MTN expects higher interim earnings
JSE-listed MTN on Thursday said it expected to post higher earnings for the first half of the year on the back of foreign exchange gains.
Headline earnings a share would be between 20% and 25% higher than the 536.2c apiece reported during the corresponding period the year before.
The telecommunications group attributed the rise to foreign exchange gains of about R1-billion during the six months to June, compared with the R1.5-billion foreign exchange losses during the six months to June 2012.
MTN would release its interim results on August 14.
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