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Africa’s MTN flags annual profit rise of up to 35% -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: On March 2, 2017, a worker at an MTN Shop in a Johannesburg Mall attends to a client. REUTERS/Siphiwe Sibeko

JOHANNESBURG – Africa’s most popular mobile operator, MTN, announced on Friday that it would increase its profits by at least 35% for the year ending Dec. 31, without citing a reason.

The main measure of profit in South Africa’s home market, South Africa, is the headline earnings per share (HEPS) which are expected to be between 936 and 1,011cs. This compares with 749 cents a year ago.

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