In a statement released on Monday, the company said it expected to report a profit for the financial year ending in December, 2017.

MTN was hit hard by a record $5.2 billion fine in Nigeria over allegedly failing to switch off  unregistered users.

The fall out of that fine hit the company hard and led to several investigations and resignations within the management of the company. The company also made severe losses in its value and revenue as it recorded as much as $107 million in March of 2017.

The company will give more information once it obtains more certainty on the profit range, it said.