MTN Group has alerted shareholders that it will report significantly higher earnings for the year ended 31 December 2013. The group expects an increase of 25-30 percent in headline earnings per share and attributable earnings per a share for the year. Earnings were positively affected by foreign exchange gains of about ZAR 1.1 billion compared to foreign exchange losses of approximately ZAR 2.7 billion in the prior year. The foreign exchange benefit was mainly a result of a ZAR 2.3 billion gain in MTN Mauritius, partly offset by foreign exchange losses on certain operational working capital accounts.
