https://www.engineeringnews.co.za
Service
Service
service

MTN Ghana delivers double-digit full-year growth

27th February 2020

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

     

Font size: - +

Telecommunications company MTN Ghana has achieved double-digit growth for the year ended December 31, 2019, as voice, data and Mobile Money (MoMo) revenue surges.

Service revenue increased by 22.8%, underpinned by growth in revenue of 19.4%, 32.5% and 28% respectively from voice, data and MoMo.

Earnings before interest, taxes, depreciation and amortisation (Ebitda) grew by 65.7% with a year-on-year Ebitda margin expansion of 13.2 percentage points to 50.8%.

“MTN Ghana delivered a strong performance for the year in a competitive industry, maintaining market leadership with 55.21% market share,” the company highlighted.

During the year ended December 31, subscribers increased by 12.3% to 22.6-million, with a 28.6% rise in data subscribers to 20.1-million and a 10.6% increase in registered MoMo subscribers to 15.1-million.

The group declared a final dividend of GH¢0.04 a share.

Edited by Creamer Media Reporter

Comments

Showroom

Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.072 0.124s - 166pq - 2rq
Subscribe Now