MTN Nigeria posts N1.04trn revenue in 2018


MTN Nigeria posts N1.04trn revenue in 2018

By Chinyere Joel-Nwokeoma

Two weeks after listing on the Nigerian Stock Exchange (NSE), MTN Nigeria Communications Plc on Friday announced a revenue of N1.04 trillion for the financial year ended Dec. 31, 2018.

The News Agency of Nigeria (NAN) reports that the revenue was higher when compared with N887 billion achieved in the comparative period of 2017.

A breakdown of the revenue showed that airtime and subscription remained its cash cow, generating N676.36 billion, up from the restated N556.58 billion in 2017.

Data revenue stood at N165.17 billion, up from N116.79 billion in 2017 ; short message service (SMS) revenue rose to N14.27 billion in 2018 from N12.62 billion.

Interconnect and roaming revenue inched to N107.18 billion from N103.57 billion in 2017; digital revenue stood at N40.71 billion, down from N69.41billion.

Value added services rose to N30.54 billion, compared with N24.015 billion, while other revenue came to N4.66 billion…

Source: News Agency of Nigeria