MTN reports R7.39 billion loss

Daniel Puchert

Journalist
Staff member
Joined
Mar 6, 2024
Messages
2,133
Reaction score
1,868
MTN takes pain

The MTN Group has released its interim results for the half-year ended 30 June 2024, revealing a 20.8% decline in service revenue, a 41.2% decline in earnings before interest, taxes, depreciation, and amortisation (EBITDA), and a R7.39 billion loss.

Group service revenue dropped from R107.7 billion in H1 2023 to R85.3 billion in H1 2024, while EBITDA dropped from R49.4 billion to R29 billion.
 
nee fok...theres another mid-contract increase on the horizon surely...wonder if the execs will still get bonuses...i know know...im kidding...they always get...
 
All losses are probably from Nigeria. South African side is pumping.
 
Top
Sign up to the MyBroadband newsletter