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BRIEF-MTN says expects to report a loss for FY2016
February 8, 2017 / 6:43 AM / 7 months ago

BRIEF-MTN says expects to report a loss for FY2016

Feb 8 (Reuters) - MTN Group Limited

* MTN expects to report a loss in basic headline earnings per share (heps) and basic earnings per share (eps) for FY2016

* In prior year comparable period MTN reported heps of 1,204 cents and eps of 746 cents.

* Expected decline in heps and eps is mainly as a result of regulatory fine imposed on MTN nigeria

* Nigerian regulatory fine is expected to have an estimated negative impact of approximately 474 cents on HEPS and EPS, respectively.

* Fy2016 results are further expected to be negatively impacted by under-performance of MTN nigeria and MTN South Africa in first half of 2016 Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)

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