MTN Group Ltd. (MTN), Africa’s biggest
mobile-phone company, said 2013 earnings per share jumped 25
percent to 30 percent, boosted by a foreign exchange gain of
about 1.1 billion rand ($99.5 million)
The increase was mainly a result of a 2.3 billion rand
currency gain in MTN Mauritius, the Johannesburg-based company
said in a statement today. MTN made a foreign exchange loss of
about 2.7 billion rand the previous year.
MTN is the second-biggest provider of mobile phone services
to South Africans, lagging behind Vodacom Group Ltd. (VOD) It also has
operations in more than 20 other countries including Nigeria,
Iran and Yemen.
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