MTN Nigeria has made more than N1.3 trillion as service revenue as a December 2020, the result of its audited the financial year reveals, and proposing a dividend of N5.90 kobo per share.
The revenue is 14.7 per cent increase over that of 2019.
The telecoms company, the largest in Nigeria by subscriber number and market share, also recorded increased number of subscribers by 12.2 million to reach 76.5 million.
MTN Nigeria financial report also showed increase in active data users by 7.4 million to reach 32.6 million.
Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA), grew by 9.7 per cent to N685.7 billion, while EBITDA margin declined by 2.5 percentage points to 50.9 per cent.
Its profit before tax grew by 2.6 per cent to N298.9 billion, while Earnings Per Share (EPS) rose by 0.9 per cent to N10.
MTN board has therefore proposed a final dividend of N5.90 kobo per share to be paid out of distributable net income.
This brings the total dividend for the year to N9.40 kobo per share, representing an increase of 18.7 per cent.
The outgoing Chief Executive Officer of MTN Nigeria, Mr Ferdi Moolman said MTN Nigeria made considerable progress in growing the base for its business, despite the challenges posed by COVID-19 pandemic.
“We connected 12.2 million new subscribers to access communication services. The growth in our subscriber base provided support for voice revenue, which accounted for 67.1 per cent of service revenue and rose by 5.9 per cent, with an acceleration in growth to 8.9 per cent year-on-year in the second half of last year.
