MTN:  10,775   -128 (-1.17%)  22/07/2019 00:00

South Africa's MTN flags up to 90 pct jump in 2018 profit

JOHANNESBURG, Feb 28 (Reuters) - Africa's biggest mobile phone operator MTN Group flagged an as much as 90 percent jump in 2018 earnings on Thursday as the company continues to recover from a regulatory fine in Nigeria.

South Africa-based MTN said headline EPS would likely increase by between 80 percent and 90 percent.

The company agreed in 2016 to pay $1.7 billion over three years to settle a dispute over unregistered SIM cards.

The company is due to report 2018 results on March 7th.

(Reporting by Tiisetso Motsoeneng Editing by Alexandra Hudson)

2019-02-28 17:49:09

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