MTN Group Posts Higher Revenue, Profitability
By Najat Kantouar
MTN Group reported higher third-quarter revenue and profitability, after growth in Nigeria, Ghana and other international operations offset declines at its South Africa business.
The South African telecommunications group said Monday that third-quarter revenue was 56.86 billion South African rand ($3.33 billion) before accounting for hyperinflation. This compares with 44.77 billion rand for the same period last year.
Service revenue--a closely watched metric for the industry--climbed to 54.84 billion rand from 42.43 billion rand.
The company reported an earnings before interest, taxes, depreciation, amortization margin before one-off items of 46% for the quarter, up from 37.5% for the year-earlier period.
MTN Group said it continues to focus on turning around the prepaid segment of its South Africa business, while seeking to sustain momentum at its Nigeria and Ghana units. The company said MTN Nigeria resumed dividend payments.
Write to Najat Kantouar at najat.kantouar@wsj.com
(END) Dow Jones Newswires
November 17, 2025 02:17 ET (07:17 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Stocks to Buy Before They Rise Further
2 Undervalued Stocks to Buy Before They Rebound
The 10 Best Companies to Invest in Now
The 10 Best Dividend Stocks
United States