| SENS Note - 05 August 2015 |
| MTN interim results 30 June 2015 |
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Revenue for the six months ended 30 June 2015 decreased to R69.3 billion (2014: R72.8 billion). EBITDA fell to R30.7 billion (2014: R33.8 billion), operating profit declined to R19.9 billion (2014: R22.9 billion), while profit attributable to owners of MTN was lower at R11.9 billion (2014: R13.4 billion). Furthermore, headline earnings per came in at 654cps (2014: 729cps). Declaration of interim ordinary dividend Notice is hereby given that a gross interim dividend of 480 cents per share for the period to 30 June 2015 has been declared payable to MTN shareholders. Prospects As we move into the second half of the year there will be an increased focus on building staff engagement and improving customer service in the South African operation. The operation will also accelerate its capex plans to support medium term growth prospects, particularly in the data area. Corrective measures have been implemented to improve handset sales. MTN expects the balance of the year to remain challenging for MTN Nigeria. Notwithstanding tough operating conditions, there will be a strong focus on active subscriber management and providing more competitive voice and data offerings to high value customers. MTN expects the large and small opco clusters to maintain the growth trajectory of the past six months. MTN will continue to increase data revenue by encouraging uptake through increased smartphone penetration and new pricing strategies. The company will also continue to create a distinct customer experience through investing in our networks to support data growth and improving value and segmentation offers. The continued rollout of MTN Mobile Money and broader financial services remains a priority as well as developing our digital offering with our partner Rocket Internet AG through the investment in Africa Internet Holdings GmbH (AIH) and Middle East Internet Holdings S.A.R.L (MEIH). MTN will drive the strategy of becoming the ICT partner of choice and continue to transform our operating model through cost optimisation, operational efficiencies and commercialising our tower infrastructure. The company will continue to create shareholder value through progressive dividend policy of growing dividends between 5% and 15% a year. |
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