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MarketScreener Homepage  >  Equities  >  Johannesburg Stock Exchange  >  MTN Group Limited    MTNJ   ZAE000042164

MTN GROUP LIMITED (MTNJ)
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MTN : Swung to Profit in 2017

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03/08/2018 | 07:34am CEST

By Ian Walker

MTN Group Ltd. (MTN.JO) on Thursday reported a swing to net profit for 2017 due mainly to a Nigerian regulatory fine that it paid last year, and said it expects improved top-line and Ebitda growth over the medium term.

The South Africa-based mobile telecommunications multinational made a net profit of 4.41 billion South African rand ($371.93 billion) for the year, compared with a loss of ZAR2.61 billion when it booked a ZAR10.5 billion Nigerian regulatory fine.

Earnings before interest, taxes, depreciation and amortization rose to ZAR46.96 billion, compared with ZAR40.75 billion, while revenue slipped to ZAR132.82 billion from ZAR147.92 billion.

The board has declared a final dividend of 450 South African cents a share and said it expects to pay 500 cents for 2018.

In October 2015, the Nigerian Communications Commission fined MTN's Nigerian unit $5.2 billion, alleging that MTN missed a deadline to deactivate more than 5 million unregistered SIM cards under regulations meant to combat terrorism.

Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749

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Financials (ZAR)
Sales 2018 134 B
EBIT 2018 23 892 M
Net income 2018 10 458 M
Debt 2018 67 431 M
Yield 2018 6,19%
P/E ratio 2018 12,18
P/E ratio 2019 9,75
EV / Sales 2018 1,53x
EV / Sales 2019 1,36x
Capitalization 138 B
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Technical analysis trends MTN GROUP LIMITED
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Mean consensus HOLD
Number of Analysts 11
Average target price 114  ZAR
Spread / Average Target 55%
EPS Revisions
Managers
NameTitle
Robert Andrew Shuter Group President, CEO & Executive Director
Phuthuma Freedom Nhleko Non-Executive Chairman
Jens Schulte-Bockum Group Chief Operating Officer
Ralph T. Mupita Group Chief Financial Officer & Executive Director
Koosum P. Kalyan Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
MTN GROUP LIMITED-46.48%8 826
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DIGI.COM BHD--.--%8 968
1&1 DRILLISCH-37.67%8 739
FAR EASTONE TELECOMMUNICATIONS CO., LTD.--.--%7 820