Africa’s largest mobile network operator, MTN Group Ltd., has projected that its full-year earnings will more than quadruple, buoyed by a sharp recovery in its Nigerian and Ghanaian businesses.
The company disclosed this in a trading statement issued on Monday.
The Johannesburg-headquartered telco said it expects headline earnings per share of between 10.62 rand and 11.68 rand for the 12 months ended December. This marks a significant turnaround from the loss recorded in the prior year.
