Foreign exchange gains over the past 12 months boosted MTN Group's earnings-per-share to the tune of 25%-30% in 2013, the South African telco revealed on Thursday.
Earnings were boosted by forex gains of around 1.1 billion rand (€73 million), compared with forex losses of ZAR2.7 billion (€180 million) in 2012, the company said in a trading statement to the Johannesburg Stock Exchange. The forex gain was mainly the result of a ZAR2.3 billion exchange rate gain at MTN Mauritius, the operator explained.
MTN is in the process of preparing its full year results for publication on 5 March.
In 2012 the operator posted earnings-per-share of 1,126.4 cents (€0.07), up from 1,119.5 the previous year.
Group revenues came in at ZAR135.1 billion (€9 billion), while profit attributable to shareholders was ZAR20.7 billion (€1.4 billion).