|SENS Note - 06 March 2013|
|MTN final results December 2012|
Revenue increased to R135.1 billion (R121.9 billion). EBITDA rose to R58.6 billion (R54.8 billion) and operating profit was higher at R41.3 billion (R39.3 billion). However, net attributable profit declined slightly to R20.7 billion (R20.8 billion). In addition, headline earnings grew to 1 089.1cps (1 068.6cps). |
A final ordinary dividend of 503cps has been declared.
After a challenging 2012, the Group is well positioned for 2013. MTN expects to deliver continued organic growth in both revenue and EBITDA and anticipate reaching the milestone of 200 million subscribers by mid-year. The recovery in the performance of our key Nigerian operation is expected to continue throughout 2013. This together with a lower tax rate and the benefits of the substantial network investment made in 2012 across all operations, which is to be continued in 2013, is likely to support growth in reported earnings in 2013. We continue to explore value accretive M&A activities.
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