MTN Group Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
MTN Group (JSE:MTN) Full Year 2023 Results
Key Financial Results
Revenue: R221.3b (up 6.9% from FY 2022).
Net income: R4.09b (down 79% from FY 2022).
Profit margin: 1.8% (down from 9.2% in FY 2022). The decrease in margin was driven by higher expenses.
EPS: R2.27 (down from R10.55 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
MTN Group Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 36%.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 5.3% growth forecast for the Wireless Telecom industry in Africa.
Performance of the market in South Africa.
The company's shares are up 9.9% from a week ago.
Risk Analysis
Before you take the next step you should know about the 1 warning sign for MTN Group that we have uncovered.
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