MTN Nigeria posts increases across the board during FY20
Telecommunications group MTN Nigeria has posted increases across the board during the year ended December 31, 2020.
The West African operations achieved a 9.7% increase in earnings before interest, taxes, depreciation and amortisation (Ebitda) to N685.7-billion, however, the Ebitda margin declined by 2.5 percentage points to 50.9% owing to increased operating expenses.
MTN Nigeria’s earnings a share increased 0.9% to N10.1, while its profit before tax grew by 2.6% to N298.9-billion.
Service revenue increased by 14.7% to N1.3-trillion, driven by voice and data revenue, which expanded 5.9% and 51.2% respectively.
MTN Nigeria added 12.2-million new mobile subscribers during the year under review, bringing its customer base to 76.5-million, while active data users increased 7.4-million to 32.6-million
The company proposed a final dividend of N5.90 kobo a share for the year ended December 31, 2020.
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