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MTN has posted lower 2009 profit despite its new customers increasing by 28% to 116 million. It says adjusted headline earnings per share for the year to end-December dropped by 16.6% to 754.3 cents. The group says adjusted headline EPS, excluding the impact of functional currency losses, was up 8.5 percent to 878.9 cents. The group says movements in exchange rates in the year, mainly in the South African rand and Nigerian naira, had a substantially negative impact on the group's financial results.

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