MTN Returns to Profit After Nigeria Currency Hit Triggered Loss

MTN Group Ltd. said it returned to profit in the first half after Africa’s largest mobile-network operator didn’t see a repeat of currency depreciation that hit 2024 earnings from its Nigerian operation.

So-called headline earnings per share for the six months to June 30 will be in a range of 6.14 rand to 6.66 rand, the Johannesburg-based company said in a statement Thursday.