{"id":560102,"date":"2022-02-18T08:14:00","date_gmt":"2022-02-18T06:14:00","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=560102"},"modified":"2022-02-18T08:14:00","modified_gmt":"2022-02-18T06:14:00","slug":"mtn-expects-earnings-hike","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/mobile\/560102\/mtn-expects-earnings-hike\/","title":{"rendered":"MTN expects earnings hike"},"content":{"rendered":"

Mobile operator MTN says that earnings could rise by as much as 35% in a trading statement for the year ended December 2021.<\/p>\n

The group, which boasts in excess of 272 million customers in 20 markets largely in Africa and the Middle East, said it anticipates a<\/span>n increase in headline earnings per share (HEPS) of between 25% and 35% (or 187 cents to 262 cents).<\/p>\n

Considering the HEPS of 749 cents for the corresponding financial year ended December 2020, this translates into a range of 936 cents to 1,011 cents for the year ended December 2021.<\/p>\n

Included in HEPS are the negative impacts of a number of non-operational and once-off items with a net total of approximately 123 cents (2020: 128 cents), it said.<\/p>\n

These include items largely relating to hyperinflation excluding impairments (42 cents); foreign exchange losses (111 cents); other non-operational items (30 cents) and notable donations related to Covid-19 support for the Africa Centre for Disease Control and
\nPrevention (CDC) and the Coalition Against Covid task force in Nigeria (24 cents).<\/p>\n

MTN said it expects to report a decrease in earnings per share (EPS) of between 15% and 25% (or 142 cents to 237 cents). This translates into a range of 710 cents to 804 cents for the year ended December 2021.<\/p>\n

EPS includes impairment losses of approximately 64 cents (2020: 61 cents) that relate mainly to MTN Yemen, largely non-cash losses from the deconsolidation of subsidiary MTN Syria of approximately 262 cents, and fair value gains on acquisition or disposal totalling 99 cents.<\/p>\n

 <\/p>\n

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

\n

Read: MTN reveals new logo<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Mobile operator MTN says that earnings could rise by as much as 35% in a trading statement for the year ended December 2021.<\/p>\n","protected":false},"author":59,"featured_media":512786,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[26,28],"class_list":["post-560102","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\/560102","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\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=560102"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/560102\/revisions"}],"predecessor-version":[{"id":560136,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/560102\/revisions\/560136"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/512786"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=560102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=560102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=560102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}