MTN Nigeria Increases Subscribers Base to 71.4 million

MTN Nigeria, the leading telecommunication operator, increased its subscriber base by 7.6% in the first half of Nigeria (H1 2022).

According to data released by MTN Nigeria Communications Plc., and made available to TechTV , the company added 5.7 million subscribers in H1 2022. This brings the total number of subscriber as at the quarter to 71.4 million.

The publications below were released on Friday 29 July 2022 on the NGX:

MTN Nigeria Dividend Information H1 2022
MTN Nigeria Earnings Release H1 2022
MTN Nigeria Unaudited Financial Statements H1 2022

MTN Nigeria Dividend Information H1 2022

MTNN Plc has proposed an interim dividend of N5.60k per 2 kobo ordinary shares subject to appropriate deduction of withholding tax and will be paid to shareholders whose names appear in the register of members as at close of business on 18 August 2022.

MTN’s Earnings Release H1 2022

Salient Points:

Mobile subscribers increased by 7.6% to 71.4 million; added 5.7 million subscribers in H1 2022
Active data users increased by 13.2% to 36.8 million; added 2.5 million active users in H1 2022
Active Fintech subscribers rose by 87.3% to 11.5 million; 4.2 million registered (2.4 million active) MoMo wallets since launch of PSB on 19 May 2022
Service revenue increased by 19.9% to N947.9 billion
Earnings before Interest, tax, depreciation, and amortization (EBITDA) grow by 22.1% to N509.3 billion
EBITDA margin increased by 0.9 % points (pp) to 53.6%
Profit before tax (PBT) grew by 24.9% to N268.6 billion
Profit after tax (PAT) grew by 28.1% to 181.6 billion
Earnings per share (EPS) rose by 28.1% to N8.92 kobo
Capital expenditure (Capex) rose by 67.1% to N311.6 billion (up 78.6% to N204.5 billion, excluding right of use assets)
Interim dividend of N5.60 kobo per share, up by 23.1%