MTN Group to Report Negative First-Half EPS
July 19 2016 - 4:20AM
Dow Jones News
By Ian Walker
South Africa-based multinational mobile telecoms company MTN
Group Ltd. (MTN.JO) said Tuesday it expects to report negative
earnings per share for the first half of 2016, blaming the
regulatory fine imposed on MTN Nigeria and foreign exchange
losses.
MTN expects the fine to lower both headline and basic earnings
per share by 474 cents. It didn't say how much forex movements
would impact the numbers. For the half year ended June 30, 2015,
MTN reported headline earnings per share of 654 cents and basic
earnings per share of 653 cents.
The company added that half-year earnings will also be hit from
the under-performance of MTN Nigeria and MTN South Africa.
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
July 19, 2016 04:05 ET (08:05 GMT)
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