South African mobile operator MTN Group said on Thursday its first-half earnings surged 46.5% and it had received a $35 million binding offer for its Afghanistan business, nearing an exit of the Middle East. Without disclosing the buyer, Group Chief Executive Officer Ralph Mupita told journalists on a news call the gross sum of $35 million would be paid over a period of time, and proceeds would be $31 million.
MTN, which operates in 19 markets, reported headline earnings per share, the main profit measure in South Africa, of 567 cents in the six-months ended June 30, up from 387 cents a year earlier. Group service revenue increased 14.8% to R92.5 billion , supported by growth of 4.1% in MTN South Africa, 19.9% in MTN Nigeria and 29.3% in MTN Ghana amid higher demand for data services. Data revenue grew 35.9%, supported by the 14.2% year-on-year growth in active data subscribers and 25.
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