MTN reports 11% profit growth, but it sees a fall in SA amid load shedding | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 80%

Switzerland Nachrichten Nachrichten

Switzerland Neuesten Nachrichten,Switzerland Schlagzeilen

Africa's largest mobile operator MTN said while robust demand for data helped lift its revenue by double digits in its first quarter to end-March, profit margins came under strain as it battled with load shedding in SA and high inflation across its markets

Inflation averaged more than more 18% across its markets, with higher interest rates and general prices eroding the spending power of customers. Both Sudan and Iran are suffering hyperinflation, with Sudan having now been hit by a conflict in mid-April that has led to a shortage of basic goods. In Nigeria, companies have also been hit by the introduction of a new currency, which has led to a shortage of notes, suppressing economic activity.

Across its 19 markets, MTN grew its subscribers by just over 5% to about 291 million, but it said it is considering an"orderly exit" from three west African operations: Guinea-Bissau, Guinea-Conakry and Liberia.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 4. in CH
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Business Matters | Energy Crisis | 08 May 2023[ICYMI] What are the solutions for the constant power cuts in South Africa? On the latest BusinessMatters, we highlight the solutions we can take during these adverse times. Watch now to find out more; click here: Nedbank
Herkunft: eNCA - 🏆 49. / 51 Weiterlesen »