News24 Business | MTN ups dividend despite R11.7bn Sudan hit, currency woes

MTN earnings hit by Sudan conflict, Nigeria currency devaluation

MTN reported a loss for the year to December 2024, hit by a sharp drop in the value of the currency in Nigeria and impairments in conflict-hit Sudan.

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.

MTN Group’s earnings drop 69% amid currency woes

On Techpoint Digest, we discuss MTN Group's earnings fall 69% due to currency woes, ridiculous questions Nigerians ask Grok, and Sycamore's approval to operate as a fund and portfolio manager.

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 …

MTN SA delivers resilient performance in full-year results

The overall MTN SA result was supported by a 6.4% increase in subscribers to 39.8 million, a net addition of 2.4 million in the year.