MTN says it expects to report growth in headline earnings of up to 15% when it delivers its financial results for the year ended December 2014.<\/p>\n
Africa’s largest mobile operator advised that it expects an increase of between 5% and 15% in headline earnings per share, which equates to a range of between R14.82 and R16.23 per share.<\/p>\n
This compares with\u00a0headline earnings per share of R14.11 in 2013.<\/p>\n
It anticipates an increase of between 15% and 25% in attributable earnings per a share, equating to a range of between R16.79 and R18.25, from R14.60 in the prior period.<\/p>\n
MTN said that the earnings per share for the 2014 financial year was positively impacted by the transaction whereby the MTN Nigeria\u2019s passive infrastructure was transferred to an associate.<\/p>\n
“MTN Group has retained a 51% interest in the newly created entity and MTN Nigeria will lease-back the towers for its operations,” the mobile operator said.<\/p>\n
In September, MTN reached an agreement with IHS Holding for the transfer of its towers business, comprising of up to 9,151 mobile network towers in Nigeria.<\/p>\n
For the year ended 2013, MTN Group reported revenue of R136.5 billion, however its SA revenue declined by 6.1% to R39.7 billion.<\/p>\n
Shares in MTN traded R2.46 or 1.15% lower in the afternoon session on the JSE on Thursday (19 February), to R210.94, giving the group a market cap of R383.6 billion.<\/p>\n
MTN expects to publish its financial results on Wednesday, 4 March 2015.<\/p>\n
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