BUSINESS

MTN Nigeria Grows Profit By 52.74% In Nine Months

MTN Nigeria Communications Plc together with its subsidiaries which carry on the business of building and operating GSM Cellular Network Systems and other related services nationwide in Nigeria have released their unaudited condensed consolidated interim financial statements for the nine months period ended 30 September 2021 with 52.74% growth in profit after tax to N220.312 billion from N144.239 billion in same period in 2020.

The report released at the Nigerian Exchange on Thursday showed that revenue rose by 23.62% to N1206 trillion from N975.764 billion in 2020.

MTN Nigeria Communications Plc’s subsidiaries are XS Broadband Limited, Visafone Communications Limited and Yello Digital Financial Services Limited.

Their principal activities are the provision of broadband fixed wireless access service, high quality telecommunication services and mobile financial services (fintech) respectively. Visafone Communications Limited is currently undergoing liquidation

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