MTN results
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MTN reported a 120,5% jump in first-half headline earnings per share (HEPS), within guidance and didn’t declare an interim dividend. HEPS were positively impacted by 0 cents relating to the Nigeria fine interest; hyperinflation (excluding impairments) of 10 cents and reversal of the time value loss recognised on the Iran receivable of 8 cents
Group service revenue grew by 9,4%. Revenue +16%. Subscribers +9% MTN’s EBITDA margin improved by 6,4pp to 49,7%. Three years into his role as MTN CFO, Ralph Mupita has already received four CFO Awards, including CFO of the Year. Michael Avery spoke to Mupita, tipped to be the new CEO to replace Rob Shuter, about the pivotal part he’s played in turning MTN around.
Group service revenue grew by 9,4%. Revenue +16%. Subscribers +9% MTN’s EBITDA margin improved by 6,4pp to 49,7%. Three years into his role as MTN CFO, Ralph Mupita has already received four CFO Awards, including CFO of the Year. Michael Avery spoke to Mupita, tipped to be the new CEO to replace Rob Shuter, about the pivotal part he’s played in turning MTN around.
