MTN Group Expects Decline in Earnings Per Share Due to Iran Conflict
By Najat Kantouar
MTN Group said it expects to report a double-digit percentage decline in earnings per share for the first half of the year, mainly reflecting impairments on its Iran operations.
The South African telecommunications group said Tuesday that it projects earnings per share of between 3.77 South African rand and 4.31 rand (23 U.S. cents-27 cents) compared with 5.39 rand for the same period a year earlier.
The company also anticipates headline earning per share of between 5.80 rand and 6.45 rand compared with 6.45 rand.
Last year's EPS and HEPS will be restated higher by 8 cents each, MTN said.
The difference between EPS and HEPS is mainly due to impairments of 213 cents related to operations in Iran, the company added.
"Given the geopolitical and economic conditions as well as the war in Iran during the period, we took a material asset impairment in the 49% minority investment in Irancell," the group said.
Meanwhile, the group expects adjusted headline earning per share of 7.75 rand to 8.08 rand, up from 6.57 rand.
MTN is set to publish its first-half results on Aug. 24.
Write to Najat Kantouar at najat.kantouar@wsj.com
(END) Dow Jones Newswires
August 11, 2026 11:11 ET (15:11 GMT)
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