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COMPANY RESULTS – MTN Group reports huge profits

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GUEST – Jan Vermeulen - Editor at Mybroadband

MTN has released its annual results and reported a 42.8% increase in profit across the group from R17 billion in 2021 to R24.3 billion in 2022. In South Africa, revenue increased 3.9% from R48.7 billion to R50.6 billion, with service revenue increasing 3.6% from R39.4 billion to R40.8 billion. Data revenue in South Africa increased 13.1% from R16.5 billion to R18.6 billion, while fintech revenue decreased 2.8% from R1.09 billion to R1.06 billion.
EBITDA in South Africa increased 4.7% to R19.9 billion.
13 Mar 2023 4PM English South Africa Business News · Investing

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