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MTN Iran Hit Cuts Profits

2 entriesWed, Aug 12 – Fri, Aug 14Mobile, Telecom & Connectivity

Timeline

  1. Fri, Aug 14LatestUnverified — not yet reviewed

    MTN Group Underlying Earnings Rise 23% as Iran Write-Down Distorts Headline Results

    MTN Group has reported underlying earnings growth of 23%, with the headline results distorted by a write-down on its Iran investment, according to new coverage of the group's financials. The parent company's underlying health carries relevance for MTN Ghana's operational and investment outlook.

  2. Wed, Aug 12Unverified — not yet reviewed

    MTN Group Warns Iran Write-Down May Cut Profits by Up to 30%

    MTN Group has warned that losses tied to its Iran investment could reduce group profits by up to 30%. The write-down is assessed as unlikely to directly affect MTN Ghana's local operations, though it weighs on the parent company's financial position.