- For the first half of 2023, MTN Ghana reported GHC1.7 billion in earnings after tax. As compared to the GHC1.3 billion reported in the first half of 2022, this is a year-over-year (YoY) growth rate of 27.9%.
- Profits per share (EPS), which were 0.16 in the first half of 2022, climbed by 42.3% to 0.232 in the same period this year. This was stated by MTN Ghana’s chief financial officer, Antoinette Kwofie, during a presentation at the company’s first Half 2023 Investor Connect event.
- According to her, overall income for the reviewed period was GHC 6.2 billion, up 32.4% from GHC 4.7 billion in the first half of previous year. She pointed out that despite a reduction in subscribers due to disconnections connected to SIM registration requirements, voice revenue climbed by 13.9% YoY to GHC1.8 billion as a result of customer value management activities.
- She also mentioned that Mobile Money (Momo) revenue climbed by 48.8% YoY to GHC1.3 billion, while earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 29.4% YoY to GHC3.5 billion. Digital revenue fell by 22.1% YoY to GHS63.6 million.
- Additionally, it was revealed that GHC 3 billion in taxes, levies, and other payments were made to the government.
- MTN Ghana’s CEO, Selorm Adadevoh, stated that in order to achieve its “Ambition 2025” objective in the face of economic uncertainty, the company was renegotiating its tower deal, among other things, to reduce rising energy and inflation expenses.
- He claimed that MTN Ghana was investigating methods to boost its cost performance in the medium term by increasing operational efficiency through digitization.
- For the first half of 2023, MTN Ghana reported GHC1.7 billion in earnings after tax. As compared to the GHC1.3 billion reported in the first half of 2022, this is a year-over-year (YoY) growth rate of 27.9%.
- Profits per share (EPS), which were 0.16 in the first half of 2022, climbed by 42.3% to 0.232 in the same period this year. This was stated by MTN Ghana’s chief financial officer, Antoinette Kwofie, during a presentation at the company’s first Half 2023 Investor Connect event.
- According to her, overall income for the reviewed period was GHC 6.2 billion, up 32.4% from GHC 4.7 billion in the first half of previous year. She pointed out that despite a reduction in subscribers due to disconnections connected to SIM registration requirements, voice revenue climbed by 13.9% YoY to GHC1.8 billion as a result of customer value management activities.
- She also mentioned that Mobile Money (Momo) revenue climbed by 48.8% YoY to GHC1.3 billion, while earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 29.4% YoY to GHC3.5 billion. Digital revenue fell by 22.1% YoY to GHS63.6 million.
- Additionally, it was revealed that GHC 3 billion in taxes, levies, and other payments were made to the government.
- MTN Ghana’s CEO, Selorm Adadevoh, stated that in order to achieve its “Ambition 2025” objective in the face of economic uncertainty, the company was renegotiating its tower deal, among other things, to reduce rising energy and inflation expenses.
- He claimed that MTN Ghana was investigating methods to boost its cost performance in the medium term by increasing operational efficiency through digitization.
