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| Name | Symbol | Market | Type |
|---|---|---|---|
| MTN Group Ltd (PK) | USOTC:MTNOY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 5.995 | 5.97 | 6.15 | 0.00 | 14:07:09 |
From Jan 2020 to Jan 2025
By Ian Walker
South Africa-based multinational mobile telecoms company MTN Group Ltd. (MTN.JO) said Tuesday it expects to report negative earnings per share for the first half of 2016, blaming the regulatory fine imposed on MTN Nigeria and foreign exchange losses.
MTN expects the fine to lower both headline and basic earnings per share by 474 cents. It didn't say how much forex movements would impact the numbers. For the half year ended June 30, 2015, MTN reported headline earnings per share of 654 cents and basic earnings per share of 653 cents.
The company added that half-year earnings will also be hit from the under-performance of MTN Nigeria and MTN South Africa.
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
July 19, 2016 04:05 ET (08:05 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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