trillion
EBITDA margin decreased by 4.5 percentage points (pp) to 48.7%
Net loss for the year has resulted in a depletion of its retained earnings and shareholders’ fund to negative N208.0 billion and N40.8 billion, respectively
Other updates MTN Nigeria communicated that due to the substantial currency devaluation and its repercussions on retained earnings, the Directors will not propose a final dividend payment, given the resultant loss for the year ended December 31, 2023.

However, it is important to note that MTN Nigeria had on July 27, 2023, approved interim dividends of N117.48 billion for the year ending December 31, 2023, amounting to N5.60 kobo per ordinary share.
MTN Nigeria Communications Plc (MTNN) closed at N222.90 on the last day of February, representing a year-to-date (YtD) loss of 15.6% for shareholders.
Shareholders’ worries are compounded by the fact that MTNN has lost 19% of the stock’s value from February 1st to date.
MTN also stated that despite the losses, they maintained strong free cash flow generation (up 11.6% YoY to N631.6 billion).
Company Commentary: “2023 witnessed a very challenging operating environment characterised by rising inflation, currency devaluation and foreign exchange shortages, complicated by geopolitical disruptions and cash shortages in Q1 arising from a redesign of the naira.

It seems the game has begun, I forecasted this last year and I was called a Lagos hater

I still don't understand how NSE was growing in leaps and bounds with all its numbers positive yet companies listed on it are declaring losses.

Can someone make it make sense pls

If this continues. Multinational companies trading in naira will withdraw from Nigeria. There is no magic wand to sustain a dollar-based balance sheet in a floated valueless currency like the present-day Naira.

Another tiff tiff company from south African

The heat is everywhere.
Sorry to Nigerians.

Yet dey paid workers peanut
Salary increament a shame.
MTN customer care are not paid upto 200k

An idiot posted this "Another tiff tiff company from south African" on a social media somewhere

Your brain is part of the problem we have in this country.

In Church when a drunken pastor comes and say we should pray for the country, I always pray that God reduce the population of idiots in this country. I have never see a progressive country where majority of them na MUMU

Kukutenla:
I still don't understand how NSE was growing in leaps and bounds with all its numbers positive yet companies listed on it are declaring losses.

Can someone make it make sense pls

Devalued naira is the yeye statistics they are celebrating!!

Na statistics we go eat