MTN Group 2019 Nigerian Unit Pretax Profit Lower; Coronavirus Impact Acknowledged
02 3월 2020 - 4:17PM
Dow Jones News
By Sabela Ojea
MTN Group Ltd. said Monday that pretax profit for its Nigerian
business was lower in 2019, and that it is optimistic for 2020
after increasing its active data subscribers and 4G coverage.
The South African telecommunications company said that its unit
in Nigeria made a pretax profit for 2019 of 290.1 billion Nigerian
naira ($791.5 million) from NGN309.6 billion for the same period a
year earlier.
Earnings before interest, taxes, depreciation and
amortization--one of the company's preferred metrics--rose to
NGN629.9 billion from NGN524.4 billion, it said.
Earnings per share rose 39% to NGN9,900, it said.
The board proposed a total dividend for the year of 7.92
Nigerian kobo per share--in line with its dividend policy.
The company also said that is "acknowledges the outbreak of
coronavirus world-wide and its potential impact" on the supply
chain. It is now exploring multiple scenarios in order to mitigate
the impact.
Regarding its dispute with the country's attorney general of
federation on the adequacy of taxes and duties paid, it said that
it has discontinued the legal action against the AGF following the
transfer to the "relevant authorities."
"Despite a challenging operating environment, we continued to
deliver double-digit growth in service revenue in line with our
medium-term guidance," MTN Nigeria Chief Executive Ferdi Moolman
said.
Write to sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
March 02, 2020 02:02 ET (07:02 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
MTN (PK) (USOTC:MTNOY)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
MTN (PK) (USOTC:MTNOY)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024
MTN Group Ltd (PK) (OTC 시장)의 실시간 뉴스: 최근 기사 0
More MTN Group Ltd (PK) News Articles