Cellular network operator MTN Group expects to report a surge in earnings when it releases its interim results next month.
The group is in the process of finalising its results for the six months to 30 September, which are scheduled for publication on the evening of 18 November.
The group says it expects basic headline earnings per share (HEPS) to rise by between 30% and 45%.
Adjusted HEPS, on which MTN focuses, are also to increase by 30% to 45%.
Adjusted headline earnings negate the effect of a deferred tax asset first raised in the year to March 2003 as a result of deductible temporary differences arising within MTN Nigeria Communications.
The group achieved basic HEPS of 127.1c for the six months to September last year, up 108.7% from 60.9c a year before. Adjusted HEPS rose from 60.9c to 123.3c, a 102.5% increase.
Revenue for the period was up by 29.8% from R8.68 billion to R11.27 billion.
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