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It expects to report a profit for the 12 months ended Dec. 31, the Johannesburg-based company said in a statement Monday. That compares with a headline loss of 0.77 rand a share and an attributable loss of 1.44 rand a share a year earlier, it said. The company will give more information once it obtains more certainty on the profit range, it said.
MTN is working its way through a tumultuous period triggered by the Nigerian penalty in October 2015. Originally set at $5.2 billion, the penalty led to the resignation of the CEO and months of negotiations before it was eventually settled.
Cyril Ramaphosa: The Audio Biography
Listen to the story of Cyril Ramaphosa's rise to presidential power, narrated by our very own Alec Hogg.