MTN Group First Half 2023 Earnings: EPS: R5.11 (vs R4.45 in 1H 2022)

MTN Group (JSE:MTN) First Half 2023 Results

Key Financial Results

• Revenue: R113.3b (up 16% from 1H 2022).
• Net income: R9.24b (up 15% from 1H 2022).
• Profit margin: 8.2% (in line with 1H 2022).
• EPS: R5.11 (up from R4.45 in 1H 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

MTN Group Earnings Insights

Looking ahead, revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Wireless Telecom industry in Africa.

Performance of the market in South Africa.

The company's shares are up 6.3% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on MTN Group's balance sheet health.

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