MTN rakes in N469b revenue

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MTN Nigeria has made N469.4 billion revenue from sales of airtime, data and Short Messaging Service in the first six months of 2019.

According to the  half-year unaudited financial report of the company, N359 billion is revenue from sale of airtime and subscription, N103.3 billion from data services and N7.05 billion from SMS.

Analysis of the report showed that the total earnings increased by 13 per cent from N413.6 billion earned from the same services, in the corresponding period in 2018.

This earning also represented 83 per cent of the total revenue of N566.9 billion generated by the company within the period reviewed.

Other sources of income for the telco are value-added services, handset and accessories, interconnectivity and roaming, digital services, SIM kits connection fees, Information and Communications Technology services and Mobile Financial Services.

From January to June, MTNN reported double-digit growth in service revenue (12.2 per cent), which was largely driven by growth in voice (11.4 per cent) and data revenue (31.7 per cent), saying that the growth improved the margin on earnings before interest, taxation, depreciation and amortisation.

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