July 24, 2020 / 5:33 AM / 16 days ago

S. Africa's MTN expects at least 100% jump in first-half earnings

July 24 (Reuters) - South Africa's MTN Group said on Friday it expects a jump in first-half earnings, reflecting the benefits from foreign exchange gains.

The company forecast headline earnings per share, which strips out certain one-off items and is the main profit measure in South Africa, to be at least 195 cents, 100% higher from a year earlier, for the six-month period ended June 30.

Reporting by Samantha Machado in Bengaluru; Editing by Krishna Chandra Eluri

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