MTNN Plc 2023FY Earnings Note – Foreign Exchange Losses Bite Deep
Below is a detailed overview of the financial performance of MTN Nigeria Communications Plc during the 2023 full year. Strong Revenue Growth Offset by Higher Costs In its recently released 2023 full year (FY) financial result, MTN Nigeria Communications Plc (MTNN) observed higher revenue figures on a Year- on-Year (YoY) basis, recording a 22.69% YoY […]
MTNN Plc Q3:2023 Earnings Note – Resilient Performance amidst Macro Headwinds
Below is a detailed overview of the financial performance of MTN Nigeria Communications Plc during the third quarter of 2023. Data ReveData Revenue Supports Revenue Growth In its recently released Q3:2023 financial result, MTN Nigeria Communications Plc (MTNN) noted increased revenue, exceeding its growth from a year ago. Topline grew by 21.76% YoY to NGN1.77trn […]
MTNN Plc H1:2023 Earnings Note – FX Devaluation limits Bottomline Growth
Below is a detailed overview of the financial performance of MTN Nigeria Communications Plc during the first half of 2023. Data Revenue Propels Revenue Expansion In its recently released H1:2023 financial result, MTN Nigeria Communications Plc (MTNN) posted a higher revenue figure, exceeding its growth level from the previous period. Total revenue grew by 21.96% […]
Nigerian Telecommunications Sector Report 2023 – A Beacon of Hope
In this report, we took a look at the Nigerian telecommunications sector and analyzed what shaped the space in 2022. We also gave our views on the performance of MTN Nigeria and Airtel Africa. Executive Summary 2022FY in the global economy was pervaded by uncertainties as the Russian-Ukraine conflict persisted, causing supply-chain disruption and rising […]