MTN’s shares lift after it flags profit rise of as much as half
Headline earnings per share could rise by 50%, the mobile operator says, which would be almost triple pre-pandemic levels
01 August 2022 - 09:54
MTN has flagged a profit rise of as much as half for its half year to end-June, which saw the company’s shares rising as much as 4.3% on Monday, signalling satisfaction from market players about the operator’s interim prospects.
Headline earnings per share (HEPS) are expected to rise by between 40% and 50% from the previous period’s R3.87, Africa’s largest mobile operator said in a brief update, meaning this profit measure could be almost triple 2019’s R1.95...
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