MTN warns of losses for year

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CAPE TOWN, February 27 (ANA) – MTN Group on Monday warned shareholders that it expected to report a basic headline loss per share of between 74 cents and 81 cents for the year to the end of December, down from headline earnings per share of 746 cents in the year before.

In addition to the Nigerian regulatory fine, the company pointed to other factors including foreign exchange losses and transaction charges for its empowerment transaction.

The full results are expected on Thursday March 2.
– African News Agency (ANA)