{"id":465956,"date":"2021-02-05T14:45:42","date_gmt":"2021-02-05T12:45:42","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=465956"},"modified":"2021-02-05T14:45:42","modified_gmt":"2021-02-05T12:45:42","slug":"mtn-shares-surge-on-expected-earnings-growth","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/465956\/mtn-shares-surge-on-expected-earnings-growth\/","title":{"rendered":"MTN shares surge on expected earnings growth"},"content":{"rendered":"

Mobile operator MTN said in a trading statement on Friday (5 February), that it anticipates strong earnings for the year ended December 2020.<\/p>\n

The group advised shareholders that headline earnings per share (HEPS) growth is expected to be between 50% and 70% (or 234 cents to 328 cents).<\/p>\n

Considering the HEPS of 468 cents for the corresponding financial year ended December 2019, this translates into a range of 702 cents to 796 cents for the financial year ended December 2020, MTN said.<\/p>\n

“HEPS were negatively impacted by non-operational items for the year ended 31 December 2020 totalling approximately 118 cents per share (2019: 111 cents), most of which related to foreign exchange losses.”<\/p>\n

It said it expects earnings per share (EPS) of between 75% and 95% (or 380 cents to 481 cents).<\/p>\n

Considering the EPS of 506 cents for the corresponding financial year ended December 2019, this translates into a range of 886 cents to 987 cents for the financial year ended December 2020, the operator said.<\/p>\n

EPS includes impairment losses totalling approximately 155 cents that relate mainly to MTN Syria, MTN Yemen, MTN Guinea Bissau, MTN Liberia and BICS.<\/p>\n

EPS also includes the benefit from gains amounting to approximately 341 cents on the disposal of the ATC Uganda and ATC Ghana tower joint ventures as announced in March 2020.<\/p>\n

 <\/p>\n

\"\"<\/a>Shares in the group climbed 10% in mid afternoon trade on Friday.<\/p>\n

\"\"<\/a><\/p>\n

\n

Read: MTN hires Citi, Standard Bank for South African towers deal<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Mobile operator MTN said in a trading statement on Friday (5 February), that it anticipates strong earnings for the year ended December 2020.<\/p>\n","protected":false},"author":10,"featured_media":315662,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[26,28],"class_list":["post-465956","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-headline","tag-mtn"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/465956","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=465956"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/465956\/revisions"}],"predecessor-version":[{"id":465964,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/465956\/revisions\/465964"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/315662"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=465956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=465956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=465956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}