The MTN Group advised shareholders that it expects to report a basic headline loss per share of between 74c and 81c and a basic loss per share of between 1.37c and 1.51c for the financial year ended 31 December 2016.
Earlier this month, MTN also issued a trading statement warning shareholders it would report losses for its full-year results.
In a SENS announcement this morning, the mobile operator says the results for the year were impacted by the Nigerian regulatory fine, which had 4.55c per share negative impact.
According to MTN, in the prior year comparable period it reported headline earnings per share of 7.46c and earnings per share of 11.09c.
The company says the results were also negatively impacted by other issues such as foreign exchange losses 3.24c per share, the 'interest unwind' related to the Nigerian regulatory fine 45c per share, the MTN Zakhele Futhi transaction charge 88c per share and professional fees related to the settlement of the Nigerian regulatory fine 73c per share.
The telco also notes losses from investments in Digital Group being mainly Africa Internet Holdings, Middle East Internet Holdings and Iran Internet Group 39c per share, hyperinflation impact 37c per share were negative factors.
Losses from the Nigeria tower company mainly as a result of foreign exchange losses on US dollar denominated loans 1.22c per share following MTN exchanging its interest in the Nigeria Tower Company also negatively impacted the results, according to the statement.
MTN's financial results for the year ended 31 December 2016 will be announced on 2 March.
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