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MTN Nigeria Revenue Rises To N100 Billion Monthly In 2020 - Business - Nairaland

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MTN Nigeria Revenue Rises To N100 Billion Monthly In 2020 by HigherEd: 7:35pm On Nov 01
MTN Nigeria reported a half-year revenues of N638 billion in 2020 compared to N566.9 billion reported same period last year. The 12.5% pop was driven by growth in data revenues in the first and second quarters of the year.

The company reported a 49% growth in data revenues in the second quarter of 2020 as its Nigerian customers guzzled more data in the ensuing Covid-19 economic shutdown.

The revenues reported in the first half of 2020 now translate to about N100 billion monthly in revenues, a company and Nigerian Stock Market record, according to Nairametrics Research. Revenues averaged N97 billion monthly in 2019 and N86.5 billion in 2018.

Key highlights
In the second quarter of 2020 total revenues rose 8.5% to N308.9 billion driven largely by higher data revenues.

Data revenues jumped from N56.7 billion to N79.9 billion in the quarter under review confirming the growing reliance Nigerians have on data for communication.

Call revenues, the company’s mainstay suffered a 1% drop to N176.2 billion suggesting a drop in its average revenue per user. Call revenues make up about 68% of its service revenues. Mobile subscriber growth was just 3.8% in the quarter.
Revenues from its Fintech division fell 7.7% to N10.2 billion in the quarter. It however rose by 29.6% in the first half of 2020 compared to the year before.

MTN has aggressively pushed its Fintech business leveraging on its economies of scale to gobble market share.
Pre-tax Profits for the quarter was N62.2 billion down 13.4% YoY.

Earnings per share N2.11/N2.4 15.6% up QoQ. The earnings per share dip was due to higher operating expenses.

https://nairametrics.com/2020/07/30/2020-q2-mtn-nigeria-revenues-rises-to-over-n100-billion-monthly/

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Re: MTN Nigeria Revenue Rises To N100 Billion Monthly In 2020 by CodeTemplar: 7:47pm On Nov 01
This is revenue, though it averages N106B per month. The prospect of a good profit margin cannot be argued against, truth is they end up doing a lot of things they shouldn't be doing by themselves and that opens the door for adjustment to recurrent expenses.

Imagine the diesel they burn to keep each mast alive then multiple that by the number of mast they every 3km in cities and every 5km along busy highways. That's huge expenses incurred due to a weak power supply system in the country.
Telcos this size clearly isn't for start ups or experimenting entrepreneurs.

77 Likes 9 Shares

Re: MTN Nigeria Revenue Rises To N100 Billion Monthly In 2020 by DenreleDave(m): 8:09pm On Nov 01
undecided
Re: MTN Nigeria Revenue Rises To N100 Billion Monthly In 2020 by PLATO1U(m): 8:42pm On Nov 01
Irrespective of their expenses, they are making cool cash and are profitting.

22 Likes 5 Shares

Re: MTN Nigeria Revenue Rises To N100 Billion Monthly In 2020 by ignis(f): 10:47am On Nov 02
At the expense of Nigerians...

Glo should continue sleeping

19 Likes 2 Shares

Re: MTN Nigeria Revenue Rises To N100 Billion Monthly In 2020 by Mobilecrewnet(m): 10:47am On Nov 02
hmm
Re: MTN Nigeria Revenue Rises To N100 Billion Monthly In 2020 by Teeisaac(m): 10:47am On Nov 02
OMO see money shocked shocked

7 Likes

Re: MTN Nigeria Revenue Rises To N100 Billion Monthly In 2020 by Cutezt(m): 10:47am On Nov 02
Jesus

3 Likes

Re: MTN Nigeria Revenue Rises To N100 Billion Monthly In 2020 by honest1480(m): 10:48am On Nov 02
No matter the hardship, people must buy card to communicate.... essential commodities are making it real big now.

33 Likes 2 Shares

Re: MTN Nigeria Revenue Rises To N100 Billion Monthly In 2020 by Onyeedum(m): 10:48am On Nov 02
Mtn has the potential to become the free bank we be waiting for... MoMoPay is the answer.

3 Likes 1 Share

Re: MTN Nigeria Revenue Rises To N100 Billion Monthly In 2020 by dukeprince50: 10:48am On Nov 02
100billion monthly Goddamit

10 Likes 1 Share

Re: MTN Nigeria Revenue Rises To N100 Billion Monthly In 2020 by phr0nesis(m): 10:48am On Nov 02
Where their billions are coming from:

BOO: I love you
BAE: I love you more
BOO: I love you more than more
BAE: I love you a 1000x than more
BOO: Alright bae goodnight, cut the call
BAE: No you cut the call
.....No you cut the call
.....You cut the call.............

148 Likes 10 Shares

Re: MTN Nigeria Revenue Rises To N100 Billion Monthly In 2020 by wunmi590(m): 10:48am On Nov 02


This is the only place they can make such amount with bad service they are providing.

But anyways MTN has always been a saving grace sha when it comes to service, compared to other network we have in Nigeria.

I must also acknowledge the fact that, they are also developing Nigerians in the area of ICT and other areas.


But unah still dey milk us dry sha

10 Likes 2 Shares

Re: MTN Nigeria Revenue Rises To N100 Billion Monthly In 2020 by obyrich(m): 10:49am On Nov 02
CodeTemplar:
This is revenue, though it averages N106B per month. The prospect of a good profit margin cannot be argued against, truth is they end up doing a lot of things they shouldn't be doing by themselves and that opens the door for adjustment to recurrent expenses.

Imagine the diesel they burn to keep each mast alive then multiple that by the number of mast they every 3km in cities and every 5km along busy highways. That's huge expenses incurred due to a weak power supply system in the country.
Telcos this size clearly isn't for start ups or experimenting entrepreneurs.
Some MTN sites are less than 200metres apart.

2 Likes 1 Share

Re: MTN Nigeria Revenue Rises To N100 Billion Monthly In 2020 by Uniqueteco(m): 10:49am On Nov 02
Eleda Masun!
Re: MTN Nigeria Revenue Rises To N100 Billion Monthly In 2020 by Focusmind: 10:49am On Nov 02
No wonder my sister is doing great things recently.

3 Likes 1 Share

Re: MTN Nigeria Revenue Rises To N100 Billion Monthly In 2020 by TecM0: 10:49am On Nov 02
2020 is the year of ICT and Telecommunications



Amazon made major profit this year

13 Likes 1 Share

Re: MTN Nigeria Revenue Rises To N100 Billion Monthly In 2020 by ThatFairGuy: 10:49am On Nov 02
Raking such humongous amount monthly? Hope they're not owing Nigeria anyway
Re: MTN Nigeria Revenue Rises To N100 Billion Monthly In 2020 by lexy2014: 10:49am On Nov 02
PLATO1U:
Irrespective of their expenses, they are making cool cash and are profitting.


They will always tell u no vacancy
Re: MTN Nigeria Revenue Rises To N100 Billion Monthly In 2020 by Guyman02: 10:49am On Nov 02
At the rate their system consumes data I am not surprised, they need to be checked

7 Likes

Re: MTN Nigeria Revenue Rises To N100 Billion Monthly In 2020 by GIANTPLUSHUB: 10:50am On Nov 02
Very good news to their shareholders.

3 Likes 1 Share

Re: MTN Nigeria Revenue Rises To N100 Billion Monthly In 2020 by DORS(m): 10:50am On Nov 02
Hmm, MTNnnn
Re: MTN Nigeria Revenue Rises To N100 Billion Monthly In 2020 by ugochukwufrenzy(m): 10:50am On Nov 02
with their poor device reception...haven't browsed in days now due to poor network,,...why won't they make such amount, when dey always zap subscribers airtime..useless network

6 Likes 1 Share

Re: MTN Nigeria Revenue Rises To N100 Billion Monthly In 2020 by alphaRego01(m): 10:50am On Nov 02
They have finally realized themselves. No wonder their data no de finish fast again

4 Likes

Re: MTN Nigeria Revenue Rises To N100 Billion Monthly In 2020 by Bawsse(m): 10:50am On Nov 02
100bn monthly
Anonymous where r u when we need you

2 Likes 1 Share

Re: MTN Nigeria Revenue Rises To N100 Billion Monthly In 2020 by pickatyou2: 10:50am On Nov 02
I contributed to it.lol
Re: MTN Nigeria Revenue Rises To N100 Billion Monthly In 2020 by Officialhorlah(m): 10:50am On Nov 02
They deserved it
Cuz their network is Awesome
Re: MTN Nigeria Revenue Rises To N100 Billion Monthly In 2020 by Kingv(m): 10:51am On Nov 02
And our Glo is busy with endless adverts instead of fixing theIr “rain-drop signal-off” Syndrome

13 Likes 3 Shares

Re: MTN Nigeria Revenue Rises To N100 Billion Monthly In 2020 by AFvckingAlpha(m): 10:51am On Nov 02
The fvck

Niggarr!!


The real winners are MTN and those who spend extravagantly on data and get their returns in multiple folds.

Thats why my I'm always logged on to my Nord, with my Fake GPS roaming around the world anonymously trying to get paid.

Thats why I'm always talking to American and Indian hackers not forgetting my Nigerian brothers, trying to keep up with new updates.

Thats why I'm always high on my molly way lest I lose guard and get distracted.

I said what I said, niggarr!!

1 Like 1 Share

Re: MTN Nigeria Revenue Rises To N100 Billion Monthly In 2020 by honey001(m): 10:51am On Nov 02
All thanks to COVID 19.....
Re: MTN Nigeria Revenue Rises To N100 Billion Monthly In 2020 by datola: 10:52am On Nov 02
Well managed company, unlike Nigeria.

3 Likes 1 Share

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