MTN
MTN
MTN - MTN Group Limited - Trading Statement
MTN Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1994/009584/06)
Share code: MTN
ISIN ZAE000042164
("MTN")
TRADING STATEMENT
MTN is currently finalising its financial results for the six month period ended
30 June 2008, expected to be announced on the morning of 28 August 2008.
In terms of Section 3.4 (b) of the Listings Requirements of the JSE Limited,
issuers are required to publish a trading statement 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, 30 June 2007.
Shareholders are advised that MTN expects an increase of between 9.0% and 14.0%
in Basic Headline Earnings per Share ("HEPS") as well as an increase of between
23.3% and 28.3% in Adjusted Headline Earnings per Share ("Adjusted HEPS") for
the six month period ended 30 June 2008 against the previously reported
corresponding period. Attributable Earnings per Share for the six month period
ended 30 June 2008 are expected to increase by between 9.5% and 14.5% against
the Attributable Earnings per Share reported in the previous corresponding
period.
As reported on in previous periods, the major adjustments between HEPS and
Adjusted HEPS are the reversal of the impact of the unwind of deferred tax asset
previously raised in Nigeria and the reversal of the impact of the put option
that a shareholder has on Nigeria.
This trading statement has neither been reviewed nor reported on by MTN`s
external auditors.
The information provided in this announcement does not contain and should not be
construed as containing any forward looking statements or projections of any
nature whatsoever for periods beyond 30 June 2008.
Johannesburg
20 August 2008
Sponsor
Merrill Lynch South Africa (Proprietary) Limited
Date: 20/08/2008 14:48:19 Produced by the JSE SENS Department.
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