Mobile operator MTN has advised shareholders it expects an increase of between 5% and 15% (equating to a range of between 1 482c and 1 623c) in headline earnings per share when it reports its financial results for the year ended 31 December 2014.
In addition, the company expects to see an increase of between 15% and 25% (equating to a range of between 1 679c and 1 825c) in attributable earnings per a share for the period under review.
This compares to its previously reported headline earnings per share and earnings per share of 1 411c and 1 460c, respectively, for the year ended 31 December 2013.
JSE listings requirements stipulate a trading statement be published as soon as a company is satisfied - to a reasonable degree - the financial results for the period to be reported next will differ by at least 20% from those of the previous corresponding period.
MTN says earnings per share for the 2014 financial year were positively impacted by a transaction in which MTN Nigeria's passive infrastructure was transferred to an associate. "MTN Group has retained a 51% interest in the newly-created entity and MTN Nigeria will lease-back the towers for its operations."
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