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LequteMan
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The Nigerian subsidiary of MTN Group is likely to report about $955 million in annual profit after tax, the South African telecoms firm stated on Tuesday.
"Profit after tax figure for MTN Nigeria for the period ended 31 December 2015 being quoted in the press article, is 190 billion naira ($955 million), which is within the current estimate," the company said in a statement.
MTN was fined $3.9 billion by Nigerian authorities for failing to disconnect users of unregistered SIM cards. The company, which makes about 37 percent of its revenue from Nigeria, has filed a court to challenge the fine, which equates to more than twice its annual average capital spending over the past five years.
Shares in MTN were up 0.8 percent at 121.50 rand by 1006 GMT, lagging a 1.4 percent rise in the JSE Top-40 index .
Reuters
"Profit after tax figure for MTN Nigeria for the period ended 31 December 2015 being quoted in the press article, is 190 billion naira ($955 million), which is within the current estimate," the company said in a statement.
MTN was fined $3.9 billion by Nigerian authorities for failing to disconnect users of unregistered SIM cards. The company, which makes about 37 percent of its revenue from Nigeria, has filed a court to challenge the fine, which equates to more than twice its annual average capital spending over the past five years.
Shares in MTN were up 0.8 percent at 121.50 rand by 1006 GMT, lagging a 1.4 percent rise in the JSE Top-40 index .
Reuters
