MTN says Nigeria unit to report roughly $955m FY profit

  South African telecoms group MTN said on Tuesday its Nigerian business is likely to report about $955-million in annual profit after tax, confirming a newspaper report in the west African country. "Profit after tax figure for MTN Nigeria for the period ended 31 December 2015 being quoted in the press article, is 190-billion naira ($955-million), which is within the current estimate," the company said in a statement. Print Send to Friend 0 0 var addthis_config = {"data_track_addressbar":false,"data_track_clickback":false}; Africa's largest mobile operator has been fined $3.9-billion in Nigeria for failing to disconnect users of unregistered SIM cards. MTN, which makes about 37% of its revenue from Nigeria, has filed a court challenge over the fine, which equates to more than twice its annual average capital spending over the past five years. Shares in MTN were up 0.8% at 121.50 rand by 1006 GMT, lagging a 1.4% rise in the JSE Top-40 index.