In a statement released on Friday evening on the Nigeria Stock Exchange , MTN Nigeria unveiled its Half-Year 2023 results, showcasing impressive growth in key performance indicators. The telecom giant also issued a related JSE SENS announcement earlier today, reiterating their strong financial performance.: MTN Nigeria saw a 4.0% increase in mobile subscribers, reaching a total of 77.1 million during H1 2023. This growth was bolstered by the addition of 1.
MTN Nigeria’s strong H1 2023 results were marked by significant subscriber growth and robust financial performance. The increase in mobile subscribers, active data users, and mobile money wallets showcases the company’s ability to expand its customer base and offer a wide range of services. While the decline in PBT may appear as a concern, the adjustment for unrealized forex losses paints a more positive picture, indicating resilience in the face of market fluctuations. The maintenance of an interim dividend at N5.60 kobo per share demonstrates MTN Nigeria’s commitment to returning value to its shareholders.