SENS Note - 11 March 2010
MTN final results for year ended December 2009
 
MTN Group revenues for the year ended 31 December 2009 increased by 9.2% to R111.9 billion (2008: R102.5 billion). Profit before income tax decreased to R25.7 billion (2008: R28.4 billion). Profit attributable to ordinary shareholders fell to R14 650 billion (2008: R15 315 billion). In addition, headline earnings on a per share basis decreased to 803.2 cps (2008: 836.5 cps).

Dividend
A cash dividend of 192 cents per ordinary share in respect of the period 31 December 2009 was been declared, in line with the board's belief that some relaxation in its dividend policy is appropriate.

Prospects
Competition across MTN's footprint is likely to continue to increase and whilst economies remain fragile, there are tentative signs of a recovery in economic activity. MTN remains focused on:
  • Actively seeking value-accretive expansion opportunities in emerging markets to reduce concentration risk and leverage economies of scale.
  • Monitoring infrastructure investments to ensure appropriate levels of capacity and quality of service. The continued investment in fibre and cable requirements to service evolving voice and data requirements.
  • Optimising efficiencies including infrastructure sharing, standardisation of systems and processes, rationalisation of suppliers, cost management and cash optimisation.
  • Continued engagement with regulatory authorities in the development and refinement of the telecommunications sector.
  • The implementation of MTN's BEE transaction.
 
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