Favourable foreign exchange movements will boost MTN's headline earnings per share for the six months to June.
The group, which is finalising its financial results for the first half of the year, expects an increase of between 20% and 25% in headline earnings per share.
It says the financial indicator has been positively affected by foreign exchange gains of around R1 billion, compared with foreign exchange losses of about R1.5 billion a year ago. This has led to "markedly" lower finance costs.
In the six months to June 2012, it reported revenue of R66.4 billion, a 17.5% gain, while adjusted headline earnings per share came in 14.3% higher at 537.4c.
Companies are required, in terms of JSE rules, to tell shareholders as soon as they are satisfied that a reasonable degree of certainty exists that the earnings for the period to be reported upon next will differ by at least 20% from those of the previous corresponding period.
Stock in the group was up 0.86% in early morning trade, to R186.85.
MTN's results will be published on 14 August.
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