The
Leading telecommunication company, MTN Ghana increased their profits in 2019
with a whopping GH1 Billion.
Citibusinessnews.com reports that,
the company made about 33.56% higher compared to the 754.67 million cedis
recorded in the preceding year [2018].
MTN
Ghana has attributed their increased profit to the improvement in active data
users, growth in smart phones and an increase in data usage.
MTN’s total revenue for 2019
increased by 22.82%; it reached 5.18 billion cedis up from the 4.2 billion
cedis.
This
services included non-core activities like the sale of sim cards and mobile
devices, recorded 5.15 billion cedis in 2019, up from the 4.19 billion cedis
recorded in the year before.
Meanwhile,
the revenue accrued from the sale of sim cards and mobile devices increased by
35 percent to record 33.7 million cedis between 2018 and 2019.
The figure witnessed an increase of
18.2 million cedis representing 33.75 percent in 2019 compared to the estimated
54 million cedis the telecoms company paid in 2018.
For
2019, shareholders of MTN are expected to benefit from a dividend of 6 pesewas
per share.
Source: www.globaltipsgh.com
No comments