May 9, 2021
  • May 9, 2021
MTN Nigeria

MTN Nigeria Q1 revenue rises 17% to N385 bln

By on April 30, 2021 0 101 Views

MTN Nigeria reported revenue growth of 17.06 percent to N385.32 billion in the first three months of the year compared with N318.33 billion in the corresponding period of last year.

The local unit of South Africa’s telecom giant also reported a Profit Before Tax (PBT) of N102.99 billion in the first three months of the year compared with N76.90 billion in the same period of last year.

Profit after tax rose 42.53 percent in the first quarter to N73.75 billion from N51.74 billion in the same period of last year.

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The company grew its revenue from voice call to N208.62 billion from N194.04 billion in the corresponding period of last year.

Revenue from data also rose to N105.70 billion in the first quarter compared with N74 billion in the first quarter of 2020.

Earnings from SMS also grew to N10.67 billion in the first three months to N3.34 billion in the corresponding period of last year.

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