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MTN expects increase in earnings

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MTN expects an increase in its earnings when it announces its financial results for the six-month period ended 30 June. FinancialResults telecoms

Mobile operator MTN is expecting an increase in earnings when it announces its financial results for the six months ended 30 June.

Considering the EPS of 445c for the corresponding six-month period ended 30 June 2022, it says this translates to a range of 490c to 534c for the six-month period ended 30 June 2023. These include hyperinflation excluding impairments of 38c , foreign exchange losses of 169c and an IFRS 2 charge arising from the MTN Ghana localisation transaction of 0c .

The group elected for scrip dividend options for the FY 2022 dividends from MTN Nigeria and MTN Ghana in the period under review, given limited forex reserves in both markets.

 

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