SENS Note - 07 March 2012
MTN final results 31 December 2011
 
Revenue for the year ended 31 December 2011 increased to R121.9 billion (2010: R114.7 billion). Profit before tax jumped to R37.6 billion (2010: R28.1 billion), while profit attributable to equity holders of the company rose to R20.8 billion (2010: R14.3 billion). Furthermore, headline earnings per share grew to 1 068.6cps (2010: 760.6cps).

Dividend
Shareholders are advised that a final dividend of 476cps in respect of the period to 31 December 2011 has been declared.

Prospects
MTN remains cautiously optimistic about the year ahead with macroeconomic conditions in key markets not expected to change significantly. The key focus areas over the year are to maintain and improve our market position and improve customer experience. There will be continued effort to strengthen our position in non-voice services in all markets. Increased efficiency in rolling out investments in infrastructure and cost optimisation initiatives are a priority in support of this strategy. Value accretive opportunities which fit within the parameters of MTN's M&A strategy will still be considered. We will continue to manage the challenges brought about by sanctions and political instability in some of our markets. The MTN board remains committed to improving shareholder returns.
 
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