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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.
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.