MTN expects earnings jump | ITWeb

MTN predicts that HEPS will improve by at least 20% for the year ended 31 December 2018.

MTN predicts that HEPS will improve by at least 20% for the year ended 31 December 2018.

MTN expects to report an earnings improvement of at least 20% for the year ended 31 December 2018.

This according to a trading statement released today by the JSE-listed company. MTN says that it expects to report an improvement of 36.4c and 49.2c respectively in both headline earnings per share (HEPS) and attributable earnings per share (EPS) for the 12-month period. This compared with HEPS of 182c and attributable EPS of 246c for the prior financial year.

At the end of December 2016 the group had reported a full-year headline loss per share of 77c which was significantly impacted by the group’s Nigerian regulatory fine, which had a 500c negative impact on HEPS at the time.

MTN operates in 21 markets across Africa and the Middle East and expects to release its full financial results for the financial year on Thursday 7 March 2019.

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