Arab Today, arab today mtn posts 11 jump in profit in first half
Last Updated : GMT 06:58:51
Arab Today, arab today
Arab Today, arab today

MTN posts 11% jump in profit in first half

Arab Today, arab today

Arab Today, arab today MTN posts 11% jump in profit in first half

Johannesburg - AFP

African telecoms giant MTN posted an 11 percent rise in profits in the first half of 2013 boosted by an increase in subscribers to 201.5 million, the company said Wednesday. Profit jumped in the first half of the year to 12.5 billion rand ($1.3 billion) from 10.6 billion rand ($1.1 billion ), the company announced. The financial results were \"positively affected by the 16.3 percent decline in the average rand versus US dollar rate,\" the firm said in a statement. Despite tariff cuts in South Africa and Nigeria, MTN\'s largest market, revenue in the first half jumped 9.8 percent to 65.2 billion rands ( $6.5 billion), driven mainly by data services. The group\'s subscribers increased 6.5 percent, to 201.5 million, \"supported by competitive offerings and increased network capacity,\" the Johannesburg-headquartered company said. MTN notched the new subscriber growth despite disconnections in its largest market Nigeria where it had to cut off 3.2 million customers in compliance with mandatory regulator-driven registration requirements. It now has a total of 52.7 million customers in Africa\'s most populous country. With 42 million subscribers, Iran is MTN\'s second largest market. The mobile giant which operates in 22 African and Middle Eastern countries, including Syria, said it expects to add a total of 21.1 million new subscribers this year. Data subscribers grew by nearly 30 percent to 65.4 million while data traffic ballooned by 55.7 percent. \"Our operations in South Africa and Nigeria were the biggest contributors to data revenue growth, whilst those in Ghana, Cameroon, Ivory Coast and Benin also delivered a strong performance,\" it said in a statement. Headline earnings per share grew by 22 percent to 654 cents ($0.66) while attributable earnings per share rose 19 percent to 685 cents ($0,69).  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today mtn posts 11 jump in profit in first half Arab Today, arab today mtn posts 11 jump in profit in first half

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today mtn posts 11 jump in profit in first half Arab Today, arab today mtn posts 11 jump in profit in first half

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday