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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 - 11/30
66.24 ZAR   -4.18%
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MTN Group Sees 1st Half EPS Above Previous Views; Won't Pay Interim Dividend

07/31/2020 | 06:36am EST

By Adria Calatayud

MTN Group Ltd. said Friday that earnings per share for the first half of 2020 are expected to be higher than previously indicated, but that it won't declare an interim dividend in light of the uncertainty surrounding the coronavirus.

The South Africa-based telecommunications group also said its chief executive succession process is on track and that it expects to make an announcement in the next four to eight weeks. MTN in March said President and CEO Rob Shuter would step down at the end of his four-year contract in March 2021.

The company said it expects to report EPS of between 6.60 and 6.86 South African rand (39 and 41 cents) for the first six months of the year. This is between ZAR4.06 and ZAR4.32 higher than the restated EPS of ZAR2.45 for the year-earlier period.

MTN's new guidance reflects gains on the disposal of the ATC Uganda and ATC Ghana tower joint ventures and a restatement of the year-earlier figures, the company said.

Last week, MTN said it expected to report first-half EPS of at least ZAR5.92.

Should conditions warrant a final dividend, this would be no more than ZAR3.90 a share to maintain a healthy liquidity position, MTN said.

 

Write to Adria Calatayud at adria.calatayud@dowjones.com

 

Stocks mentioned in the article
ChangeLast1st jan.
DOW JONES AFRICA TITANS 50 INDEX 0.26% 508.81 Delayed Quote.-6.35%
DOW JONES SOUTH AFRICA(ZAR) 0.63% 1721.19 Delayed Quote.-5.12%
MTN GROUP LIMITED -4.18% 66.24 End-of-day quote.-19.70%
S&P AFRICA 40 INDEX 0.23% 165.22 Delayed Quote.-6.11%
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 11 373 M 11 373 M
Net income 2020 15 365 M 1 007 M 1 007 M
Net Debt 2020 109 B 7 142 M 7 142 M
P/E ratio 2020 8,34x
Yield 2020 5,06%
Capitalization 119 B 7 802 M 7 804 M
EV / Sales 2020 1,31x
EV / Sales 2021 1,26x
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 66,21 ZAR
Spread / Highest target 43,5%
Spread / Average Target 25,6%
Spread / Lowest Target -10,9%
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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