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S.Africa's MTN Q1 earnings rise, maintains medium-term guidance

Published 14/05/2020, 07:02

JOHANNESBURG, May 14 (Reuters) - South Africa's MTN Group
MTNJ.J reported higher group core earnings for the first
quarter of 2020, and maintained its medium-term guidance on
Thursday, bucking a corporate trend to withdraw or postpone
issuing due to the coronavirus crisis.
Group service revenue for the three-months ended March 31
rose by 11.1% and earnings before interest, tax, depreciation
and amortisation (EBITDA) jumped by 15.6%, the mobile operator
said in a statement.
Contributing to solid group performance were MTN Nigeria
MTNN.LG and MTN Ghana, which generated strong double-digit
service revenue growth.

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