MTC expects profit increase between 10% and 17%

Mobile Telecommunications Limited (MTC: JSE:MOCNM) has announced that it expects profit after tax to increase by between 10% and 17% for the period ending March 31, 2025. This positive outlook also applies to basic and headline earnings per share, which are also anticipated to rise by a similar range. The company attributes the expected growth to revenue increases and effective cost control measures. MTC stated that this trading statement has not been reviewed by their external auditors. The unaudited financial results are scheduled for publication around June 6, 2025. PSG Wealth Management (Namibia) (Pty) Ltd acts as the sponsor for MTC on the Namibia Securities Exchange.