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MarketScreener Homepage  >  Equities  >  Johannesburg Stock Exchange  >  MTN Group Limited    MTN   ZAE000042164

MTN GROUP LIMITED

(MTN)
  Report
End-of-day quote. End-of-day quote Johannesburg Stock Exchange - 11/26
69.5 ZAR   -1.61%
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MTN Group 1st Half Net Profit Rose; To Sell Middle East Assets

08/06/2020 | 02:00am EST

By Anthony O. Goriainoff

 

MTN Group Ltd. said Thursday that net profit for the first half rose and that it was exiting its assets in the Middle East.

The South Africa-based telecommunications group said that its future focus was on a pan-African strategy and that it was in advanced discussions to sell its 75% stake in MTN Syria.

The company said that it was backing its guidance for the year of double-digit growth in group service revenue on constant-currency terms, double-digit growth in MTN Nigeria's service revenue and mid-single-digit growth in service revenue from MTN South Africa.

It added that it was raising its capital expenditure guidance for the year to at least 24.0 billion South African rand ($1.39 billion), from ZAR22.0 billion previously.

For the six months ended June 30 MTN Group said it made net profit of ZAR12.12 billion compared with ZAR4.43 billion for the first half of 2019.

Revenue for the period was ZAR84.08 billion compared with ZAR72.51 billion the year before.

The company added 10.6 million subscribers since the start of the year, taking its total to 261.5 million.

MTN Group said that due to the coronavirus pandemic there would be no interim dividend.

 

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

 

Stocks mentioned in the article
ChangeLast1st jan.
DOW JONES AFRICA TITANS 50 INDEX -1.06% 501.92 Delayed Quote.-5.57%
DOW JONES SOUTH AFRICA(ZAR) -0.64% 1728.26 Delayed Quote.-4.21%
MTN GROUP LIMITED -1.61% 69.5 End-of-day quote.-15.75%
S&P AFRICA 40 INDEX -0.87% 162.67 Delayed Quote.-5.02%
All news about MTN GROUP LIMITED
11/27MTN : furthers financial inclusion
AQ
11/23MTN : Globalconnect Wins Award
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11/20Ethiopia to auction telecoms licenses in December, says Tigray conflict won't..
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11/18South African retailer Pick n Pay launches mobile phone service
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10/30MTN Group Nine-Month Ebitda, Service Revenue Grew
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10/29MTN : Nigeria Records Sharp Rise in Subscriber Numbers
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10/29MTN : Subscribers Task Toriola Ahead of 2021 Assumption of Duty Date
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10/29MTN : Ghana Profit, Revenue Rose for First Nine Months of 2020
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10/28MTN Nigeria 3Q Profit After Tax Fell; Sees Challenging Environment
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10/27MTN : Nigeria Appoints Karl Toriola CEO Designate
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More news
Financials
Sales 2020 174 B 11 375 M 11 375 M
Net income 2020 15 365 M 1 007 M 1 007 M
Net Debt 2020 109 B 7 144 M 7 144 M
P/E ratio 2020 8,71x
Yield 2020 4,85%
Capitalization 124 B 8 152 M 8 149 M
EV / Sales 2020 1,34x
EV / Sales 2021 1,28x
Nbr of Employees -
Free-Float 65,1%
Chart MTN GROUP LIMITED
Duration : Period :
MTN Group Limited Technical Analysis Chart | MTN | ZAE000042164 | MarketScreener
Technical analysis trends MTN GROUP LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 11
Average target price 83,18 ZAR
Last Close Price 69,13 ZAR
Spread / Highest target 37,4%
Spread / Average Target 20,3%
Spread / Lowest Target -14,7%
EPS Revisions
Managers
NameTitle
Ralph Tendai Mupita Group President, CEO & Executive Director
Mcebisi Hubert Jonas Chairman
Jens Schulte-Bockum Group Chief Operating Officer
Sugentharan Perumal Chief Financial Officer
Charles Molapisi Chief Information & Technology Officer
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