MTN expects over 20% improvement on earnings per share for 2018

MTN Group has announced that it expects improvements of at least 20% for both headline and attributable earnings per share for the year ending December 2018.

This entails at least the following increases compared to 2017’s results:

  • Headline earnings per share increase from 182 cents to 218.4 cents.
  • Attributable earnings per share increase from 246 cents to 295.2 cents.

MTN will release its full results on SENS of the JSE around 7 March 2019.

It will release an additional trading statement before this, once it obtains “a reasonable degree of certainty as to the likely range within which the HEPS and EPS are expected to be finalised”.

For the year ending December 2016, MTN suffered a 77 cent headline loss per share.

This was due in large part to a fine imposed by Nigeria on the company for failing to cancel millions of unregistered SIM cards.

Now read: The astonishing story behind the Please Call Me fight between Vodacom and MTN

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MTN expects over 20% improvement on earnings per share for 2018