SENS Note - 19 August 2010 |
MTN interim results June 2010 |
Revenue declined by 2.2% to R56 billion (R57.3 billion). The EBITDA margin showed a 0.5% marginal improvement to 43.3%. Net attributable profit increased by 6.1% to R8.1 billion (R7.6 billion). In addition, headline earnings on a per share basis grew to 432.1cps (415.5cps). Dividend An ordinary interim dividend of 151cps has been declared. Outlook As set out in the announcement of 15 July 2010, the board will continue to evaluate and consider value accretive opportunities going forward. However, due to the limited number of such opportunities, the board is confident that growth aspirations can be accommodated within the imperative of improved short term returns to shareholders and by increasing its focus on the following:
MTN is well positioned in its markets to compete within a changing competitive and regulatory landscape with a focus on cost management as pressure on the revenue line increases. MTN continues to monitor the economic development of its markets with cautious optimism. |
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