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 2010, expected to be announced on Thursday, 19 August 2010.
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.
Shareholders are advised that MTN expects an increase of between 18.1% and 23.1%
in Adjusted headline earnings per share ("Adjusted HEPS") for the six month
period ended 30 June 2010 when compared against the previously reported
corresponding period. Attributable earnings per share is expected to increase by
between 4.8% and 9.8% and Basic HEPS to increase by between 1.5% and 6.5% for
the same period against those reported for the previous corresponding period.
The only adjustment between Basic HEPS and Adjusted HEPS for the six month
period ended 30 June 2010 is the reversal of the impact of the put option that a
shareholder has on the MTN Nigeria operations.
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 2010.
Fairland
16 August 2010
Sponsor
Deutsche Securities (SA) (Proprietary) Limited
Date: 16/08/2010 08:28:01 Produced by the JSE SENS Department.
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