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Johannesburg - MTN Group [JSE:MTN], Africa's largest cellphone phone operator, said it expects full-year earnings to rise by as much as 23%.
MTN, which is due to release earnings next week, said in a statement on Friday it expects to report a rise of between 18% and 23% in adjusted headline earnings per share (Heps).
The company did not give a reason for the expected rise in profit. In the previous year it reported adjusted Heps of 754.3c.
MTN in August reported a 21% rise in first-half profit, helped by strong growth in markets such as Nigeria.
The company has operations in 21 countries, with most of its revenue coming from South Africa, Ghana, Nigeria and Iran.
MTN shares, which are down about 6% so far this year, fell 1.2% to R124.25 in Friday morning trade, underperforming a 0.07% rise in Johannesburg's Top 40 index.
MTN, which is due to release earnings next week, said in a statement on Friday it expects to report a rise of between 18% and 23% in adjusted headline earnings per share (Heps).
The company did not give a reason for the expected rise in profit. In the previous year it reported adjusted Heps of 754.3c.
MTN in August reported a 21% rise in first-half profit, helped by strong growth in markets such as Nigeria.
The company has operations in 21 countries, with most of its revenue coming from South Africa, Ghana, Nigeria and Iran.
MTN shares, which are down about 6% so far this year, fell 1.2% to R124.25 in Friday morning trade, underperforming a 0.07% rise in Johannesburg's Top 40 index.
