Africa-Press – Namibia. MOBILE Telecommunications Limited (MTC) has announced expected better returns for the 2022 financial year, with profit expected to go up by a minimum of N$44 million.
This will most likely yield better dividends to shareholders, who have been worried over the share price that has been the initial public offer price for months now.
At the time of publication, MTC’s shares were trading at N$7,02.
According to the trading update released by the company yesterday, MTC anticipates profit (after tax) for the year ended 30 September 2022 to be up between 6% and 11% on the forecast provided in the prospectus issued on 20 September 2021, and up between 4% and 9% over the prior period.
Profit after tax (PAT) as per the prospectus was recorded at N$718 million, while the actuals for 2021 was at N$743 million.
This will then lead to basic earnings and headline earnings per share for the year ended 30 September 2022 anticipated to increase by between 6% and 11% on the forecast provided in the prospectus issued on 20 September 2021, and to be up between 4% and 9% over the prior period.
MTC said the main contributors to the increase relate to cost control measures and operator licence and universal levies not yet applicable.
The trading statement was not reviewed or reported on by MTC’s external auditors, and the audited financial results for the year ended 30 September 2022 are expected to be published on or around 8 December 2022.
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This will most likely yield better dividends to shareholders, who have been worried over the share price that has been the initial public offer price for months now.
At the time of publication, MTC’s shares were trading at N$7,02.
According to the trading update released by the company yesterday, MTC anticipates profit (after tax) for the year ended 30 September 2022 to be up between 6% and 11% on the forecast provided in the prospectus issued on 20 September 2021, and up between 4% and 9% over the prior period.
Profit after tax (PAT) as per the prospectus was recorded at N$718 million, while the actuals for 2021 was at N$743 million.
This will then lead to basic earnings and headline earnings per share for the year ended 30 September 2022 anticipated to increase by between 6% and 11% on the forecast provided in the prospectus issued on 20 September 2021, and to be up between 4% and 9% over the prior period.
MTC said the main contributors to the increase relate to cost control measures and operator licence and universal levies not yet applicable.
The trading statement was not reviewed or reported on by MTC’s external auditors, and the audited financial results for the year ended 30 September 2022 are expected to be published on or around 8 December 2022.
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