MTN flags knock to full-year earnings

📆 18.02.2022 20:30:00
📰 Moneyweb

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JSE-listed telecoms company the MTNGroup says shareholders should expect a knock to the group’s earnings per share (EPS) of between 15% and 25% for the financial year ending December 2021. Moneyweb CompanyNews

JSE-listed telecoms company the MTN Group says shareholders should expect a knock to the group’s earnings per share of between 15% and 25% for the financial year ending December 2021, citing impairment and non-cash losses in some of its operations. MTN investors can expect EPS for the period to sit in the range of 710 cents and 804 cents, down from the 946 cents reported in the previous comparable period.

” “These include items largely relating to hyperinflation excluding impairments ; foreign exchange losses ; other non-operational items and notable donations related to Covid-19 support for the Africa Centre for Disease Control and Prevention and the Coalition Against Covid task force in Nigeria .” The group expects to release its full year results for the period ended December 31 on the JSE on Wednesday March 9, 2022. Read: MTN on the hunt for 150 digital experts jQuery.on { event.

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