MTN Nigeria has reported that it posted a total revenue of about N870 billion (R31.97 billion) for the period ended June 2017 representing a N786 billion in revenue reported same period in 2016.
The telecom giant also reported that its earnings before interest tax depreciation and amortization was N334.4 million..
Revenue breakdown
A break down of the revenue shows MTN’s voice continues to dominate revenue streams with about N650 million (R23.9 billion) or 74% of total revenues. Voice calls also rose 4% year on year.
Revenue from data however recorded a significant uptick with about growing by 70% to N309 million only (R3.7 billion).
It also reported it made about N105.8 billion (R3.89 billion) on digital and SMS content a 14.1% growth year on year.
For the group, MTN revealed its revenue for the 2017 half year was R64.3 billion ($4.8 billion) compared to R79.1 billion in the same period in 2016. Africa’s largest mobile network also reported a profit after tax of R4.9 billion.
Ugo Obi-chukwu “Ugodre” is a chartered accountant with over 16 years experience in financial management, corporate finance and financial analysis. He is also a retail investor and a personal finance advocate with over a decade experience investing in the Nigerian stock market. Ugo is the founder/Publisher of Nairametrics and blogs regularly on the website.