MTN Group Forecasts Earnings Per Share Drop on Iran Impairments
MTN Group expects first-half earnings per share to fall by a double-digit percentage, driven mainly by impairments on its Iran operations. The company forecasts headline EPS of 5.80–6.45 rand versus 6.45 rand, citing war-related asset impairment at its 49% Irancell investment. Adjusted headline EPS is projected at 7.75–8.08 rand, and results are due Aug. 24.