{"id":221687,"date":"2018-01-29T08:28:13","date_gmt":"2018-01-29T06:28:13","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=221687"},"modified":"2018-01-29T08:28:52","modified_gmt":"2018-01-29T06:28:52","slug":"mtn-to-report-earnings-boost","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/mobile\/221687\/mtn-to-report-earnings-boost\/","title":{"rendered":"MTN to report improved earnings"},"content":{"rendered":"

Africa\u2019s biggest mobile-phone operator, MTN, says it expects to report an improvement of at least 20% in both headline earnings per share (HEPS) and earnings per share (EPS) for the 12-month period ended 31 December 2017, compared with a headline loss per share of 77 cents and attributable loss per share of 144 cents for the prior financial year.<\/p>\n

The group will publish its results on the JSE on 8 March 2018.<\/p>\n

“The negative performance in the prior comparable period was mainly as a result of non-recurring costs, including those related to the Nigerian regulatory fine and losses on MTN\u2019s 51% equity interest in the Nigerian tower company,” it said.<\/p>\n

“Both HEPS and EPS for the 12-month period ended 31 December 2017 are expected to be positive and a further trading statement will be issued once the company obtains a reasonable degree of certainty as to the likely range within which the HEPS and EPS are expected to be finalised,” the group said.<\/p>\n

A year ago<\/a>, the 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

Shares ion MTN have gained momentum in recent months to R134.75 by close of play on Friday, from a low of R110 in mid June.<\/p>\n

\n

Read: MTN in first 5G trial in Africa with Ericsson<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

MTN says it expects to report an improvement of at least 20% in both headline earnings per share (HEPS) and earnings per share (EPS) for the 12-month period ended 31 December 2017, compared with a headline loss per share of 77 cents.<\/p>\n","protected":false},"author":10,"featured_media":214971,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[26,28],"class_list":["post-221687","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mobile","tag-headline","tag-mtn"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/221687","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=221687"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/221687\/revisions"}],"predecessor-version":[{"id":221701,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/221687\/revisions\/221701"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/214971"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=221687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=221687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=221687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}