February 28, 2019 / 3:53 PM / 5 months ago

South Africa's MTN flags up to 90 pct jump in 2018 profit

JOHANNESBURG, Feb 28 (Reuters) - Africa’s biggest mobile phone operator MTN Group flagged an as much as 90 percent jump in 2018 earnings on Thursday as the company continues to recover from a regulatory fine in Nigeria.

South Africa-based MTN said headline EPS would likely increase by between 80 percent and 90 percent.

The company agreed in 2016 to pay $1.7 billion over three years to settle a dispute over unregistered SIM cards.

The company is due to report 2018 results on March 7th.

Reporting by Tiisetso Motsoeneng Editing by Alexandra Hudson

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