By
JOHANNESBURG: Africa’s biggest telecoms operator MTN Group on Monday said it swung to a half-year profit, as inflation and foreign exchange rates in key markets showed improved stability.
South Africa-headquartered MTN reported headline earnings per share of 645 cents in the six months to June 30, compared to a headline loss of 256 cents a year earlier.
The operator also raised its medium-term guidance for group service revenue growth to a percentage in at least the high-teens from at least the mid-teens.