News24 Business | MTN ups dividend despite R11.7bn Sudan hit, currency woes
10 Articles
10 Articles
News24 Business | MTN ups dividend despite R11.7bn Sudan hit, currency woes
Africa's biggest mobile operator MTN said on Monday it was upping its dividend and guiding another boost to its payout for 2025, confident it remains well positioned despite hefty hits from currency depreciation and the conflict in Sudan.
Currency Depreciation Drags MTN Group’s Revenue Despite Market Growth
MTN Group has reported a 15.4% decline in service revenue due to currency depreciation across key markets, particularly the sharp devaluation of the Nigerian naira and volatility in other African economies. Despite this, the telecom giant saw strong underlying growth in its data and fintech segments with key markets like Nigeria, Ghana, Uganda, and South […] The post Currency Depreciation Drags MTN Group’s Revenue Despite Market Growth appeared …
Naira Deprecation Worsens MTN’s Financial Struggles, Suffers 69% Drop In Revenue
MTN Group has reported a 69 per cent decline in full-year earnings, citing the impact of Nigeria’s naira devaluation and operational difficulties in Sudan. The company with headquarters in South Africa announced on Monday that its headline earnings per share—a key profitability measure fell sharply to 98 cents for the year ending December 31, down from 315 cents in 2023. The financial downturn was largely attributed to Nigeria’s ongoing foreign …
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