MTN Nigeria Communications Plc (NSE – MTNN) on Wednesday released its unaudited results for the nine months ended 30 September 2020. The company recorded a decline in profit after tax, despite a double-digit rise in revenue. MTN Nigeria increased its mobile subscribers by 3.9 million to 75 million within the period in review.

Its active data users rose by 1.7 million to 30.7 million.

Revenue grew by 13.9% to N975.8 billion in the first nine months of the year from N856.5 billion recorded in the same period in 2019. N337.7 billion revenue was recorded for the three months, July to September 2020, up from N289.6 billion recorded in the same period in 2019.

Main components of the revenue are...


Read full article at https://investogist.com/q3-2020-mtn-nigeria-communications-plc-revenue-jumps-tp-n975-8-bn-profit-drops-by-3/