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MTN sees negative H1 HEPS due to Nigeria fine

mtn-office

* JSE: MTN – trading statement for the six months ended 30 June 2016
* Expects to report negative basic headline earnings per share (HEPS) and basic earnings per share (EPS) for HY2016
* Expected decline in HEPS primarily as a result of regulatory fine imposed on MTN Nigeria following a resolution with federal government of Nigeria on 10 june 2016
* HY2016 results are further expected to be negatively impacted by under-performance of MTN Nigeria and MTN South africa
* Nigerian regulatory fine is expected to have an estimated negative impact of 474 cents on HEPS and EPS, respectively.