{"id":43411,"date":"2013-08-01T08:26:49","date_gmt":"2013-08-01T06:26:49","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=43411"},"modified":"2013-08-01T09:52:58","modified_gmt":"2013-08-01T07:52:58","slug":"mtn-expects-earnings-boost","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/mobile\/43411\/mtn-expects-earnings-boost\/","title":{"rendered":"MTN expects earnings boost"},"content":{"rendered":"<p><a title=\"MTN\" href=\"http:\/\/businesstech.co.za\/forum\/showthread.php\/1640-MTN-Group\">MTN<\/a> has advised shareholders that it expects headline earnings for the six months ended June 2013 to be between 20% and 25% higher than \u00a0536.2 cents in\u00a0the previous corresponding period.<\/p>\n<p>MTN reported adjusted headline earnings per share of 537.4 cents in 2012, along with a dividend per share of 321 cents, and a 72% payout ratio.<\/p>\n<p>This is due to a foreign exchange gains of approximately R1.0 billion, compared to foreign exchange losses of approximately R1.5 billion in the prior year, related to some of the group&#8217;s subsidiaries resulting in markedly lower net finance costs.<\/p>\n<p>In early morning trade on the JSE, shares in MTN gained R2.36 or 1.29% to R185.25 &#8211; approaching its record high of R190.89.<\/p>\n<p>According to a Bloomberg report, MTN, along with SA rival <a title=\"Vodacom\" href=\"http:\/\/businesstech.co.za\/forum\/showthread.php\/1639-Vodacom\">Vodacom<\/a>, has expressed interest in expanding into Madagascar through an acquisition of <a title=\"Telecom Malagasy SA\" href=\"http:\/\/businesstech.co.za\/forum\/showthread.php\/9541-Telecom-Malagasy-SA\">Telecom Malagasy SA<\/a>.<\/p>\n<h3 class=\"my-4\">More on MTN<\/h3>\n<p><a title=\"MTN furnishes home of African Union head\" href=\"http:\/\/businesstech.co.za\/news\/mobile\/40939\/mtn-furnishes-home-of-african-union-head\/\"><strong>MTN furnishes home of African Union head<\/strong><\/a><\/p>\n<p><strong><a href=\"http:\/\/mybroadband.co.za\/news\/telecoms\/81195-mtn-loses-out-on-myanmar-licence.html\">MTN loses out on Myanmar licence<\/a><\/strong><\/p>\n<p><a title=\"Vodacom keen on acquisitions, but where?\" href=\"http:\/\/businesstech.co.za\/news\/general\/38303\/vodacom-keen-on-acquisitions-but-where\/\"><strong>Vodacom keen on acquisitions, but where?<\/strong><\/a><\/p>\n<p><a title=\"Why MTN CFO Nazir Patel resigned\" href=\"http:\/\/businesstech.co.za\/news\/telecommunications\/43067\/why-mtn-cfo-nazir-patel-resigned\/\"><strong>Why MTN CFO Nazir Patel resigned<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MTN has advised shareholders that it expects headline earnings for the six months ended June 2013 to be higher.<\/p>\n","protected":false},"author":10,"featured_media":25956,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[6418,26,28],"class_list":["post-43411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mobile","tag-earnings-boost","tag-headline","tag-mtn"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/43411","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=43411"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/43411\/revisions"}],"predecessor-version":[{"id":43426,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/43411\/revisions\/43426"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/25956"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=43411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=43411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=43411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}