MTN earnings to take hit as crashing naira exacts steep toll

  • 📰 TechCentral
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 71%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

MTN Group has warned it expects its headline earnings per share for the 2023 financial year to plunge by up to 80%.

warned shareholders that it expects its headline earnings per share for the 2023 financial year to plunge by up to 80%.group said, on foreign exchange losses related to its key Nigeria operation.

Although MTN said its underlying operational performance for the year ended December 2023 is expected to be “resilient”, the sharp devaluation in the value of the Nigerian naira will have a big negative impact on the reported numbers. “This mainly drove higher operating and net finance costs for MTN Nigeria, which are expected to impact the group FY23 financial performance. The foreign exchange losses in MTN Nigeria’s financial are estimated to be 593c in the group FY23 results,” MTN told shareholders on Friday.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 8. in RU

Россия Последние новости, Россия Последние новости