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MTN promises to match 2016 dividend payment

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Africa's biggest mobile phone operator MTN Group has promised to pay a dividend in 2017 despite reporting a 108 million dollar loss. The announcement send its shares up more than 10 percent with the chairman saying that the losses would not be repeated and promised to keep dividends flowing. MTN was hit by a regulatory fine in Nigeria that wiped 770 million dollars from 2016 earnings as well as unfavourable currency moves. MTN is held by many investors for its dividends and will be paying 700 rand cents per share this year after declaring a similar amount for 2016. Without one-off and non-operating items, which include about 6 billion rand in forex losses, MTN would have managed a profit, albeit 14 percent lower than 2016's earnings.

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Africa News CGTN Africa MTN Telecommunications business revenue dividend man men min mtb MTN more than enough too much moar mad town nortenos madison 530 yolo mtn agreement assurance commitment guarantee obligation pact pledge vow word affiance affirmation asseveration avowal betrothal bond compact consent contract covenant earnest engagement espousal insurance marriage oath parole pawn plight profession security stipulation swear swearing token troth undertaking warrant warranty promissory note sacred word word of honor breach break disagreement denial divorce hopelessness impossibility renege potential talent ability outlook capacity encouragement capability aptitude flair good omen ineptness impotence incapacity incompetence weakness inability lack affirm agree assure ensure commit declare assent subscribe betroth undertake pass hock secure accede mortgage underwrite stipulate vouch insure engage bind bargain espouse obligate profess answer for string along asservate cross heart 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