|SENS Note - 14 August 2013|
|MTN interim results 30 June 2013|
Revenue for the interim period increased to R65.2 billion (2012: R59.4 billion). EBITDA rose to R28.6 billion (2012: R26.6 billion), operating profit was higher at R19.6 billion (2012: R19.2 billion), while profit attributable to equity holders of the company climbed to R12.5 billion (2012: R10.6 billion). Furthermore, headline earnings per share grew to 654cps (2012: 536cps).|
Notice is given that a gross interim dividend of 370cps for the six months ended 30 June 2013 has been declared payable to shareholders of MTN's shares.
For the remainder of the year, MTN expect to deliver improved YoY organic growth in both revenue and EBITDA. Although operating conditions in South Africa are expected to remain difficult, MTN will continue to focus on competitive, value-added propositions and on improving cost efficiencies. The recovery in MTN's Nigerian operation is expected to continue over the second half, supported by a strong capital expenditure programme. MTN expects the Group to add a total of 21.1 million subscribers for the full 2013 year.
In the medium term there remain a number of opportunities for MTN, which include providing more services to MTN's customers by moving decisively into the digital space and taking advantage of growth in data traffic and ICT solutions. The group will also continue to leverage MTN's inherent strength in adjacent industries and explore value accretive M&A activities. Amid greater competition, which in turn pressures revenue and margins, the group will remain competitive by providing an excellent customer experience, improving network quality and capacity, lowering the cost base of our business and improving operational efficiency.
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