Cellular network operator MTN Group has issued a trading update indicating that the group expects to report a 27% to 37% increase in headline earnings per share (HEPS) for its latest six-month trading period.
The results for the six months to end-September are to be released after the close of business on 23 November.
MTN achieved headline earnings of 174.2c a share for the six months to September 2004, which means the group is to report HEPS of between 221c and 238c this time around.
Adjusted HEPS, which came in at 165.8c for the previous interim period, are also expected to grow between 27% and 37%. This figure has been adjusted to exclude the beneficial financial impact of the deferred tax asset recognised by MTN Nigeria Communications.
The group is also expected to release further details of a $128 million acquisition of a 44% indirect stake in Mascom Wireless Botswana.
The market is also awaiting news on, among other things, how well the venture with Standard Bank, MTN Banking, has performed.
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