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Trading statement for the year ended 31 December 2017
MTN Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1994/009584/06)
(Share code MTN)
(ISIN ZAE000042164)
(“MTN” or “the Group”)
Trading statement for the year ended 31 December 2017
MTN is currently in the process of finalising results for the 12 months ended 31 December
2017, which will be announced on the Stock Exchange News Service of the JSE Limited on
Thursday, 8 March 2018.
Following the trading statement published on Monday, 29 January 2017, shareholders are
further advised that MTN expects to report, for the 12-month period ended 31 December
2017, full year headline earnings per share (HEPS) of between 170 cents per share (cps) and
190cps and basic earnings per share (EPS) of between 235cps and 255cps. This compares with
a headline loss per share of 77cps and attributable loss per share of 144cps for the prior
financial year. The negative performance in the comparable period was mainly as a result of
non-recurring costs, including those related to the Nigerian regulatory fine and losses on
MTN’s 51% equity interest in the Nigerian tower company.
HEPS were impacted by a number of once off and non cash items totaling 483cps in financial
year ended 31 December 2017. The adjustments for the financial year ended 31 December
2017 (financial year ended 31 December 2016) include costs related to the Nigerian
regulatory fine 46cps (500cps), Hyperinflation adjustments excluding impairments 96cps
(37cps), net foreign exchange losses 159cps (235cps), Zakhele Futhi share-based payment
expense 24cps (88cps) and a loss on the derecognition of a loan to an IHS tower subsidiary
158cps (0cps), respectively. The results for the financial year ended 31 December 2017 were
also impacted by the stronger rand and weaker currencies in the foreign entities.
The financial information on which this trading statement is based has not been reviewed and
reported on by the external auditors of MTN.
Fairland
2 March 2018
Sponsor
Deutsche Securities (SA) Proprietary Limited
Date: 02/03/2018 05:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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