Latest news with #servicegrowth
Zawya
13-05-2025
- Business
- Zawya
South Africa's MTN Group reports 33% rise in Q1 core profit
South Africa's MTN Group, on Monday, reported a 33% jump in first-quarter core profit due to strong service revenue growth, lower device cost of sales in its domestic market and a more stable macroeconomic environment. Group earnings before interest, tax, depreciation and amortisation (EBITDA) jumped 33% on a constant-currency basis in the first quarter ended 31 March, and reflects a 5.3 percentage point increase in margin to 44.1%, MTN said, without giving the value of EBITDA. Group service revenue increased 10.4% overall in the quarter, or by 19.8% in constant currency. That was buoyed by 40.4% growth in MTN Nigeria and 39.5% in MTN Ghana. MTN South Africa continued to navigate competitive challenges, most notably in the prepaid segment, with service revenue up by 2.6%. All rights reserved. © 2022. Provided by SyndiGate Media Inc. (
Reuters
12-05-2025
- Business
- Reuters
South Africa's MTN Group reports 33% rise in Q1 core profit
JOHANNESBURG, May 12 (Reuters) - South Africa's MTN Group (MTNJ.J), opens new tab, on Monday, reported a 33% jump in first-quarter core profit due to strong service revenue growth, lower device cost of sales in its domestic market and a more stable macroeconomic environment. Group earnings before interest, tax, depreciation and amortisation (EBITDA) jumped 33% on a constant-currency basis in the first quarter ended March 31, and reflects a 5.3 percentage point increase in margin to 44.1%, MTN said, without giving the value of EBITDA. Group service revenue increased 10.4% overall in the quarter, or by 19.8% in constant currency. That was buoyed by 40.4% growth in MTN Nigeria ( opens new tab and 39.5% in MTN Ghana. MTN South Africa continued to navigate competitive challenges, most notably in the prepaid segment, with service revenue up by 2.6%.
