MTN

MTN interim HEPS fell 199% to -256c (the lower end of guidance) | Service revenue -20.8% (+12.1% constant FX) driven by data (+21%) & fintech (+27%) | Nigeria service rev. -53% ! | Subscriber base (ex-Sudan & Afghanistan) +3.2%y/y | Ebitda margin -11.6% to 32% due to ↑ costs, conflict (Sudan) & cable cuts (undersea) | H1 blended inflation 14.1% (H1 2023: 17.8%) | ROE -4.2% to 20.2% | No HY div.
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