🟢 MTN Group is trading 4% up today after 21.3% half-year adjusted profit growth

MTN Group is trading at ZAc 20,072 (+4%) after reporting a 21.3% increase in half-year adjusted profit.

• Adjusted HEPS rose to 793 cents from 654 cents a year earlier, supported by subscriber growth and double-digit service-revenue growth.
• MTN Group confirmed a R6 billion share repurchase programme; constant-currency service revenue increased 17.5% and EBITDA grew 24.4%.
• The results and capital-return plans provide a clear company-specific catalyst.