MTN expects full-year HEPS to rise between 25 to 30 per cent - CNBC Africa

MTN expects full-year HEPS to rise between 25 to 30 per cent

Earnings

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MTN expects full-year HEPS to rise between 25 to 30 per cent

The group said that HEPS and EPS for the year were positively affected by foreign exchange gains of approximately R1.1 billion

“Shareholders are advised that MTN expects an increase of between 25% and 30% in headline earnings per share ("HEPS") and attributable earnings per a share (“EPS”) for the year ended 31 December 2013 when compared with the previously reported year,” MTN said in a statement

MTN’s HEPS and EPS for the year were positively affected by foreign exchange gains of approximately R1.1 billion compared to foreign exchange losses of approximately R2.7 billion in the prior year.

The foreign exchange gain was mainly a result of a R2.3 billion exchange rate gain in MTN Mauritius partly offset by foreign exchange losses on certain operational working capital accounts.

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