Johannesburg - MTN Group [JSE:MTN]
, Africa's largest mobile operator, said on Thursday first-half profits likely rose by as much 25%, helped by positive currency swings from its vast operations outside South Africa.
MTN, which draws nearly 70% of its revenue from countries outside South Africa including Nigeria and Iran, said it expects headline earnings per share for the six months to end-June to rise by 20% to 25%.
Headline EPS, the main measure of profit in South Africa, excludes certain one-time items.
The company said it was helped by foreign exchange gains of R1bn compared with losses of R1.5bn a year earlier.
MTN is due to release its results on August 14.
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