MTN Group reports 33% rise in first-quarter core profit

MTN Group reports 33% rise in first-quarter core profit

Mobile network operator MTN Group reported a 33% jump in first-quarter core profit due to strong service revenue growth, lower device cost of sales in its domestic market, and a more stable economic environment.

South Africa's MTN Group reports 33% rise in first-quarter core profit

South African mobile network operator MTN Group reported a 33% jump in first-quarter core profit due to strong service revenue growth, lower device cost of sales in its domestic market, and a more stable economic environment. The jump in group earnings before interest, tax, depreciation and amortisation on a constant-currency basis in the quarter to end […] The post South Africa’s MTN Group reports 33% rise in first-quarter core profit appeared …

South Africa's MTN Group reports 33% rise in Q1 core profit

MTN South Africa continued to navigate competitive challenges, most notably in the prepaid segment, with service revenue up by 2.6%

MTN revenues up 10% in Q1, boosted by Nigeria and Ghana - Mobile Europe

Operator group reaps the rewards of increased capex and controlled opex, as Nigeria transitions from balance sheet drag to growth driver MTN Group reported a 10.4% rise in service revenue for Q1, with the group’s reported EBITDA increasing 23.1% year-on-year to R21.5 billion (€1.06 billion) – a 33% rise in constant currency.  Mupita was appointed to lead the group for a further five year term last December, despite criticism of his governance an…

MTN recorded impressive performance in the first quarter of the year, with an increase of 33% in its base profit, driven by strong growth in service revenues, a reduction in the costs of selling appliances in its domestic market and a more stable economic environment. For the three months, MTN achieved an impressive...

MTN Group subscribers spiked by 4.7% to hit 296.8m, records 5.3% increase in operating profit for Q1 2025

African telecom giant, MTN Group, has reported a 5.3 per cent increase in its operating profit margin based on earnings before interest, tax, depreciation, and amortisation (EBITDA). Its total subscriber base also increased by 4.7 per cent to 296.8 million across its 16 markets for the Q1 ending March 2025. According to the Group’s financial report on Monday, its margin from EBITDA climbed to 44.1 per cent, attributed to a significant spike in o…