https://www.engineeringnews.co.za

MTN Nigeria posts increases across the board during FY20

1st March 2021

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

     

Font size: - +

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.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 
VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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







301

sq:0.045 0.826s - 122pq - 2rq
Subscribe Now