WATCH: How MTN returned into profit
Cellphone network operator MTN is back in the black.
The company reported annual headline earnings of R3.3bn. That is from a loss of R1.4bn the previous year. The swing is largely due to the absence of one-off charges related to the fine it had to pay in Nigeria in the previous period.
As a result, CEO Rob Shuter has forecast dividend growth of as much as 20% a year. Investors cheered the news, sending the company’s share price 10% higher.
Shuter spoke to Business Day TV about the group’s full-year results.
MTN CEO Rob Shuter talks to Business Day TV about the group’s full-year results
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