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MTN issues notice for significant earnings increase

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MTN has alerted shareholders that it expects to report a substantial increase in half-year earnings.

MTN has notified shareholders that it expects to report a substantial increase in earnings for its half-year results.

Similarly, MTN expects a headline earnings per share increase of 0% to 10% . This translates to a range of R5.06 to R5.57 per share. JSE listing requirements stipulate that companies must alert shareholders as soon as they are reasonably confident that their results will be 20% higher or lower than the previous corresponding period.

Thulare said companies like MTN have been struggling with the backlog of dollars in Nigeria, which has forced some businesses to turn to unofficial sources.

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