{"id":185481,"date":"2017-07-14T18:51:32","date_gmt":"2017-07-14T16:51:32","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=185481"},"modified":"2017-07-14T18:52:32","modified_gmt":"2017-07-14T16:52:32","slug":"mtn-sees-improved-earnings","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/mobile\/185481\/mtn-sees-improved-earnings\/","title":{"rendered":"MTN sees improved interim earnings"},"content":{"rendered":"<p>Mobile operator MTN says it expects to report an improvement of at least 20% in headline earnings per share for the six-months ended June 2017.<\/p>\n<p>This is compared with a headline loss per share of 271 cents and attributable loss per share of 301 cents reported in the prior comparable period.<\/p>\n<p>It said that the negative performance in the prior year was mainly as a result of non-reccurring costs, including the Nigeria regulatory fine of 474 cents per share,\u00a0 and professional fees related to the fine of 73 cents per share.<\/p>\n<p>It also recorded losses of 136 cents per share from its 51% equity interest in Nigeria Tower InterCo B.V. mainly as a result of unrealised losses on US dollar-denominated loans.<\/p>\n<p>Earlier in the year, the group posted its a first-ever annual loss in its 22-year history.<\/p>\n<p>MTN Group reported a marginal 0.4% rise in revenue for the year ended December 2016, to R146.89 billion, however, it also recorded a headline loss per share of 77 cents.<\/p>\n<p>Shares in MTN closed a percent higher on Friday at R<span class=\"_Rnb fmob_pr fac-l\" data-symbol=\"MTN\" data-tmid=\"\/m\/0ckjjn0\" data-value=\"12170\">121.70<\/span><\/p>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/mobile\/161507\/mtn-shares-advance-9-despite-reporting-first-ever-annual-loss\/\" target=\"_blank\" rel=\"noopener\">MTN shares advance 9% despite reporting first-ever annual loss<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mobile operator MTN says it expects to report an improvement of at least 20% in headline earnings per share for the six-months ended June 2017.<\/p>\n","protected":false},"author":10,"featured_media":109699,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[25,28],"class_list":["post-185481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mobile","tag-active","tag-mtn"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/185481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=185481"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/185481\/revisions"}],"predecessor-version":[{"id":185487,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/185481\/revisions\/185487"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/109699"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=185481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=185481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=185481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}