Telecoms

MTN Group Records 33% Core Profit in Q1 2025 Buoyed by its Nigerian, Ghanaian Operations

Published by
Emmanuel Eze
MTN Nigeria is Hiring: Manager - Business Operations, Strategy and Innovation
On Monday, South Africa’s MTN Group reported a 33% jump in first-quarter core profit due to strong service revenue growth, lower device cost of sales in its domestic market, and a more stable macroeconomic environment.
Per Reuters, the group’s earnings before interest, tax, depreciation and amortisation (EBITDA) jumped 33% on a constant-currency basis in the first quarter ended March 31, reflecting a 5.3 percentage point increase in margin to 44.1%.
Similarly, the group’s service revenue increased 10.4% overall in the quarter, or by 19.8% in constant currency, buoyed by a 40.4% growth in MTN Nigeria and 39.5% growth in MTN Ghana. MTN South Africa has, however, continued to face challenges.
Emmanuel Eze

Emmanuel Eze is an early career journalist with an interest in reporting economic and business related issues

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Published by
Emmanuel Eze
Tags: MGTN Ghanamtn groupmtn nigeriaMTN South Africa
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