Load-shedding may dampen earnings at MTN

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

United States News News

This is the first time the mobile operator has adjusted its revenue guidance to investors due to reduced power

Sustained power cuts and uncertainty around SA’s power grid could lower earnings for the country’s second-largest mobile operator, MTN has warned, showing further evidence of the negative effect of increased load-shedding on local business operations.

“If we experience the same level of load-shedding in the second half of 2022 as we did in the first half in SA, service revenue will come in slightly under guidance,” MTN group CEO Ralph Mupita said last week as the mobile operator reported half-year earnings for the period to June. ..

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Definitely dampened my earnings

Do you have any idea on making extra income other than working your ass off like a slave? Working 6 to 9 without getting to spend enough time with your family? Invest now and defeat your financial struggles, invest in Crypto and stocks with the help of Sarah_Elliott5.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines