MTN profit grows to R3.7bn

The MTN Group has reported a net profit of R3.7 billion. This represents a 91.3% growth over the previous year.

Adjusted headline earnings per share rose by 77% from 143.3c to 253.1c.

In the group`s annual results released last night, it also declared a dividend of 41c a share, to be paid on 5 July.

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Overall market share has remained steady, at about 38%.

In SA, MTN now has 6.27 million subscribers in SA, 1.55 million of them new. MTN`s Nigerian subscriber base grew by 90% to 1.97 million subscribers in the past year.

ITWeb will publish the full results shortly.