MTN’s FY earnings up nearly 9% after Nigeria boost

Final dividend of 800 cents per share.

Africa’s largest telecoms provider MTN Group posted an expected 8.7 percent rise in full-year earnings on Wednesday after a revenue boost from its key Nigeria market, but warned of possible headwinds due to the uncertainty wrought by oil prices.

MTN said diluted headline earnings per share rose to 1,527 cents in the year to end-December, from a restated 1,404 cents a year ago.

MTN had guided that headline earnings per share, the main measure of profitability in South Africa, would come in 5-15 percent higher.

Revenue grew 6.4 percent after MTN, which has operations in nearly two dozen countries, attracted 7.5 percent more customers to 223.4 million subscribers.

Highlights

– Group subscribers increased 7,5% to 223,4 million
– Revenue increased 6,4% to R146 154 million
– Data revenue increased 33,2% to R27 317 million
– EBITDA increased 10,2% to R65 520 million
– EBITDA margin increased 1,5 percentage points to 44,8%
– HEPS increased 8,9%** to 1 536 cents**
– Final dividend of 800 cents per share, with total dividend of 1 245 cents per share
– Capex decreased 16,3% to R25 242 million
– Cash inflow generated from operations increased 8,2%** to R64 628 million**
– Voice traffic and data traffic increased 6,5% and 85,8% respectively

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