MTN:  10,785   +14 (+0.13%)  20/06/2019 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

© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.