MTN Group sees H1 earnings down 75-85 percent on Yemen, Syria charges

Monday 2 August 2021 | 17:08 CET | News
MTN Group said it expects adjusted earnings for the first half of 2021 to fall by 5-15 percent from a year earlier, to ZAR 3.66-4.09 per share. Including a number of one-time charges, reported EPS is estimated down 75-85 percent from ZAR 6.74 for the same period in 2020. This includes impairment losses totaling ZAR 0.75 per share for MTN Yemen, non-cash losses of ZAR 2.62 per share from the deconsolidation of MTN Syria and a fair value gain on the investment in aYo of ZAR 0.96. That compares to a ZAR 3.41 gain from the disposal of towers in Uganda and Ghana in the same period in 2020.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: Mobile & Wireless
Companies: MTN / MTN Nigeria / MTN Syria / MTN Yemen
Countries: Africa
::: add a comment
This article is part of dossier


Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


MTN in talks with buyers for Afghanistan mobile business - report

Published 09 Sep 2021 08:50 CET | Afghanistan
MTN Group is reportedly in talks with potential international buyers for its wireless business in Afghanistan as part of efforts ...

MTN continues providing services in Afghanistan as it mulls options to leave

Published 19 Aug 2021 11:08 CET | Afghanistan
MTN Group is staying put in Afghanistan for now, after the Taliban retook Kabul, 20 years after being driven out of the capital ...

MTN rewards Ugandan 2020 Olympic medal winners and staff over UGX 175 mln

Published 18 Aug 2021 14:10 CET | Uganda
MTN Uganda has awarded UGX 175.5 million to the athletes that represented Uganda at the recent 2020 Olympic Games in Tokyo and to ...

MTN Group service revenue rises 20% in H1

Published 12 Aug 2021 09:45 CET | Africa
MTN Group said its service revenue increased by 19.7 percent to ZAR 81.9 billion in the first six months to 30 June from ZAR 80.2 ...

MTN Nigeria appoints CIO and CMO

Published 04 Aug 2021 09:55 CET | Nigeria
MTN Nigeria has appointed Shoyinka Shodunke and Adia Sowho as chief information officer (CIO) and chief marketing officer (CMO) ...

MTN appeals against judicial guardianship of Syrian operation

Published 01 Mar 2021 09:53 CET | Syrian Arab Republic
MTN Group says it remains committed to negotiating a USD 65 million sale of its 75 percent stake in its Syrian unit, despite the ...

MTN Group expects big jump in FY earnings after tower sales

Published 05 Feb 2021 14:36 CET | Africa
MTN Group said it expects earnings per share (EPS) between ZAR 8.86 and ZAR 9.87 for the year 2020. This would be a rise of 75-95 ...

MTN Group plans sale and leaseback of part of South African tower portfolio

Published 10 Dec 2020 09:57 CET | South Africa
MTN Group is looking to sell and lease back part of its portfolio of 13,000 South African telecom towers, Bloomberg reported. It ...

MTN Group faces another US lawsuit over alleged terrorist payments in Afghanistan

Published 09 Jun 2020 10:15 CET | Afghanistan
MTN Group is facing new allegations of aiding al-Qaeda and the Taliban, reports Reuters. The news agency said the allegations ...

MTN Group faces US court complaint over alleged protection money payments to Taliban

Published 30 Dec 2019 12:05 CET | Afghanistan
MTN Group said that a complaint for violation of the anti-terrorism act has been filed in the US District Court for the District ...