MTN Flags Up to 90% Jump in 2018 Profit

mtn - MTN Flags Up to 90% Jump in 2018 Profit

JOHANNESBURG – Africa’s biggest mobile phone operator MTN Group flagged an as much as 90% jump in 2018 earnings on Thursday as the company continues to recover from a regulatory fine in Nigeria.

South Africa-based MTN said headline EPS would likely increase by between 80% and 90%.

The company agreed in 2016 to pay $1.7 billion over three years to settle a dispute over unregistered SIM cards.

The company is due to report 2018 results on 7 March.

EWN

The post MTN Flags Up to 90% Jump in 2018 Profit appeared first on iAfrica.com.

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