https://www.engineeringnews.co.za

MTN expects increase in HEPS, EPS hit by Yemen, Syria operations

18th February 2022

By: Creamer Media Reporter

     

Font size: - +

Telecommunications giant MTN expects to report an increase in headline earnings per share (HEPS) for the year ended December 31, 2021.

However, the company anticipates a decrease in earnings per share (EPS) when it publishes its financial results for the year on March 9.

HEPS will increase by between 25% and 35%, or 187c to 262c, to a range of 936c to 1 011c for the year ended December 31, 2021, compared with the 749c reported in the prior year.

HEPS for the year under review were negatively impacted by a number of non-operational and one-off items with a net total of about 123c in 2021, down from 128c in the preceding year.

These include items largely relating to hyperinflation excluding impairments at -42c; foreign exchange losses at 111c; other non-operational items at 30c and notable donations related to Covid-19 support for the Africa Centres for Disease Control and Prevention and the Coalition Against Covid task force in Nigeria at 24c.

EPS, meanwhile, are expected to decrease by between 15% and 25%, or 142c to 237c, to between 710c and 804c for the year to December 2021, from 946c in the year before.

The EPS include impairment losses of 64c relating mainly to MTN Yemen, largely noncash losses from the deconsolidation of subsidiary MTN Syria of about 262c and fair value gains on acquisition or disposal totalling 99c from the disposal of ATC Uganda and ATC Ghana tower joint ventures.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Astore Keymak
Astore Keymak

Astore Keymak is one of South Africa’s leading suppliers of high-quality Thermoplastic Pipeline Systems, with branches in the major provinces.

VISIT SHOWROOM 
Monitor Distributors
Monitor Distributors

We at Hawk High Pressure Pumps specialise in industrial pumps and pumping systems. Our high pressure washing equipment is locally manufactured and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.055 0.949s - 149pq - 2rq
Subscribe Now