MTN Group has alerted its shareholders that it is anticipating a significant decline in its earnings per share (EPS) for the full year ended 31 December 2024 primarily due to forex losses recorded from Nigeria.
The Group disclosed this in a trading statement released on Thursday.
This was in fulfillment of the Johannesburg Stock Exchange listing requirements that issuers must publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported upon next will differ by at least 20% from the financial results for the previous corresponding period.