MTN Nigeria is part of the MTN Group – a multinational telecommunications group, which operates in 20 countries in Africa and the Middle East.
The leading telecommunications company’s Mobile subscribers decreased by 8 million to 68.5 million but returned to positive net additions in fourth quarter (Q4) 2021. Active data users increased by 1.7 million to 34.3 million. Active fintech subscribers rose by 4.8 million to 9.4 million. Service revenue increased by 23.3% to N1.7 trillion.
MTN Nigeria is one of Africa’s largest providers of communications services, connecting approximately 68 million people in communities across the country with each other and the world.
Earnings before interest, tax, depreciation and amortization (EBITDA) grew by 27.9percent to N877.1 billion. EBITDA margin increased by 2.1 percentage points (pp) to 53 percent.
Profit after tax (PAT) grew by 45.5percent to N298.7 billion. Earnings per share (EPS) rose by 45.5percent to N14.67 kobo. It proposed final dividend of N8.57 kobo per share. MTN Nigeria also reported enhanced guidance for service revenue growth of “at least 20percent” over the medium term.
Guided by a belief that everybody deserves the benefits of a modern connected life, MTN Nigeria’s leadership position in coverage, capacity and innovation has remained constant since its launch in 2001.
EBITDA rose by 27.9percent, while our EBITDA margin expanded by 2.1pps to 53percent, in line with there Ambition 2025 objective. This was driven by solid revenue growth on the back of accelerated investments in our network, supported by cost management initiatives through our expense efficiency programme. Overall, these efficiencies translated into an increase of 46.1percent in Profit Before Tax and 45.5percent in Profit After Tax.
In line with the company’s dividend policy, the board had proposed a final dividend of N8.57 kobo per share to be paid out of distributable net income. This brings the total dividend for the year to N13.12 kobo per share, representing an increase of 39.6percent.
However, as the business transits to MoMo PSB once the final approval is obtained, Mtn Nigeia has pomised to remain focused on developing the range of additional services they can offer customers to drive digital and financial inclusion.
Telco speaking said , “We will sustain our drive for cost management across the business through our expense efficiency programme and strengthen our operations and financial position to unlock efficiency and support margins. Although the availability of foreign exchange remains a constraint, we strive to minimize its impact on the business.
