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.