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Johannesburg - MTN [JSE:MTN] posted a 22% rise in first-half earnings on Wednesday, helped by foreign exchange gains from its international operations.
MTN said diluted headline earnings per share totalled 649 cents for the six months to the end of June, compared with 532c last year.
Headline earnings per share (EPS), the main profit gauge in South Africa, excludes certain one-time items.
Johannesburg-based MTN said earlier this month its results would likely rise by as much as 25%.
MTN said it was helped by a 16% decline in the rand during the period.
The company has 22 operations across Africa and the Middle East.
Group revenue rose 9.8% to R65.2bn and subscribers totalled 201.5 million, a 6.5% increase.
MTN said it expected to add a total of 21.1 million subscribers for the full year.
Shares are up 10.3% this year, broadly in line with the benchmark Top 40 index.
MTN said diluted headline earnings per share totalled 649 cents for the six months to the end of June, compared with 532c last year.
Headline earnings per share (EPS), the main profit gauge in South Africa, excludes certain one-time items.
Johannesburg-based MTN said earlier this month its results would likely rise by as much as 25%.
MTN said it was helped by a 16% decline in the rand during the period.
The company has 22 operations across Africa and the Middle East.
Group revenue rose 9.8% to R65.2bn and subscribers totalled 201.5 million, a 6.5% increase.
MTN said it expected to add a total of 21.1 million subscribers for the full year.
Shares are up 10.3% this year, broadly in line with the benchmark Top 40 index.
