MTN To Release Interim Q2 Results For Friday


MTN Group has announced that its interim Q2 result will be released on Friday 5th of August, 2016. Analysts community are looking towards the conference call for many reasons.

The result will be looked at as an indication of how the company is adjusting to the various challenges it has faced in the last one year.

In its Q1 result, MTN  announced that its customer base dropped by 1.4% within the first quarter of the year. Nigeria, its largest market in its 22 country presence in Africa recorded the largest drop.

The company will also be providing clarity on its proposed listing on the Nigerian Stock Exchange, NSE.

To carryout the process of the listing, MTN has appointed Stanbic IBTC Capital Limited and Standard Bank of South Africa Limited, Standard Advisory London Limited and Citigroup Global Markets Limited.

Analysts will also be asking Rob Shuter, the new CEO, his strategic plan going forward.


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