MTC expects profit to be higher than forecasted

Mobile Telecommunications Limited (MTC) in a trading update issued on Thursday said it anticipates its profit (after tax) for the year ended 30 September 2021 to be between 17% and 23% higher than the forecast provided in the prospectus issued on 20 September 2021.

The telco also anticipates its headline earnings after tax for the year ended 30 September 2021 to be up between 17% and 23% on the forecast provided in the prospectus issued on 20 September 2021.

Rome Mostert of Cirrus Capital said he expects the company’s HEPS to be between 5.9% and 9.7% lower compared to last year, with a range of 97 cents per share (cps) to 101 cps.

“This is ahead of the Cirrus forecast of 93 cps and also ahead of the prospectus forecast of 82.4 cps,” he said.

MTC’s audited financial results for the year ended 30 September 2021 are expected to be published on or about 9 December 2021.

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Last modified on Sunday, 05 December 2021 20:14

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