MTN Nigeria’s nine-month sales hit record N1.2 trillion on booming data market

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Pre-tax profit jumped more than half to N321.4 billion, profit for the period stood at N220.312 billion, 52.7 per cent stronger than what was reported for the same period of last year.

Telco giant MTN Nigeria Communications Plc posted revenue in excess of N1.2 trillion for the period from January to September on the back of Nigerians’ fast-increasing demand for data, according to the unaudited financial statement of the company issued Thursdayhas reached a milestone that makes it the first ever public company in Nigeria to record a revenue that high for a nine-month period putting it on track to surpass this year its full-year sales figure for 2020 when it reported N1.

The Nigerian unit of Africa’s biggest telecommunications firm, Johannesburg-based MTN Group, noted in a separate statement seen by PREMIUM TIMES that active data users expanded by 2.5 million to 33.2 million within the period.

 

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