MTN group FY revenue flat amid forex woes, customers up 3.3%

(Telecompaper) MTN Group revenue for 2016 was little changed at ZAR 146.89 billion compared with ZAR 146.35 billion in 2015. Revenue growth was hit by the depreciation of the rand and naira against the US dollar, particularly in the second half of 2016. Group subscribers increased by 3.3 percent to 240.4 million at 31 December 2016. The group reported a basic headline loss per share of ZAR 0.77, largely caused by the Nigerian regulatory fine.