MTN was trading flat, down just 0,2% on the JSE in mid-morning trade on Friday, after telling investors it expected adjusted headline earnings per share (EPS) rose about 20% in its financial year to 31 December 2010.
The emerging-markets cellphone group will release its annual results on Wednesday, 9 March.
The group says it expects adjusted headline EPS will be up by between 18% and 23% over 2009.
However, attributable EPS will be roughly flat, with basic EPS declining by between 3% and 8%.
The adjustments between basic HEPS and adjusted HEPS December 2010 are the reversal of the impact of the put options that shareholders have on the MTN Nigeria and MTN Afghanistan operations, as well as the impact of new black economic empowerment scheme. — Staff reporter, TechCentral
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