MTN Nigeria – Interim Financials For H1 2018

Proshare

Tuesday, August 14, 2018    15.44PM   /  News


Related Private Information Reports

1.       December 2015 Annual Financial Statements

2.      December 2016 Annual Financial Statements

3.      December 2017 Annual Financial Statements

4.      MTN Nigeria IPO Teaser

 

MTN Nigeria: Selected condensed consolidated interim financial information for the six months ended 30 June 2018

 

Highlights

1.       Service revenue increased by 17,0%*

2.      Data revenue increased by 63,7%*

3.      Digital revenue decreased by 24,8%*

4.      EBITDA grew by 31,5%* to R9 094 million*

5.      EBITDA margin increased by 4,7pp* to 43,0%*

6.      Capex increased by 0,5%*

 

MTN Nigeria performed ahead of expectations, with double-digit growth in voice revenue driving accelerated service revenue growth and the further widening of the EBITDA margin. Increased usage and growth in data subscribers supported data revenue growth. Digital revenue declined as a result of further optimisation of our VAS business. Towards the end of the second quarter, net additions and revenue growth slowed in line with economic activity,  as well as some seasonality. We expect this trend to continue in the third quarter, with an

improved performance expected in the fourth quarter.

 

The subscriber base expanded by 5,6% from December 2017 to 55,2 million.

 

MTN Nigeria continued work to improve customer experience and recorded steady growth in overall NPS, supported by increased efforts to improve network quality and availability.

 

The company reported an increase in the number of active MoMo customers to nearly 2,2 million. The enterprise business performed well.

 

MTNN made good progress on our plans to list MTN Nigeria on the Nigerian Stock Exchange. MTNN does not expect any material cash inflows to the group from the IPO.

 

Condensed consolidated statement of profit or loss for the

Proshare Nigeria Pvt. Ltd.

 

Condensed consolidated statement of comprehensive income for the

Proshare Nigeria Pvt. Ltd.

 

 

Condensed consolidated statement of financial position as at

Proshare Nigeria Pvt. Ltd.


 

Condensed consolidated statement of changes in equity for the

Proshare Nigeria Pvt. Ltd.

 

 

Condensed consolidated statement of cash flows for the

 

Proshare Nigeria Pvt. Ltd.

 

The joint independent auditors’ review report does not report on all of the information contained in this announcement/financial results. Shareholders are therefore advised that in order to obtain a full understanding of the nature of the joint auditors’ engagement they should obtain a copy of the auditors’ report together with the accompanying financial information from the issuer’s registered office. This information has not been audited or reviewed.

 

Proshare Nigeria Pvt. Ltd. 

Related Private Information Reports

1.       December 2015 Annual Financial Statements

2.      December 2016 Annual Financial Statements

3.      December 2017 Annual Financial Statements

4.      MTN Nigeria IPO Teaser


Proshare Nigeria Pvt. Ltd.

 

 

Related News

1.       Neither MTN Nigeria Nor Any of Its Advisers Has Filed Any ... - Proshare Jul 09, 2018

2.      MTN Nigeria IPO Teaser – Listing and Precursory Information - Proshare

3.      MTN Nigeria To List On The NSE; A Promise Fulfilled ... - Proshare Mar 26, 2018

4.      MTN Nigeria PP - Linked Unit of $24.56 - Nigeria's No1 Economy and ...

5.      MTN Nigeria To Launch Largest Private Placement (2007) - Proshare

6.      Perspectives on MTN Planned Nigerian IPO - Proshare

7.      MTN Nigeria Records N65bn Profits - Proshare Jun 10, 2015

8.     MTN ups Nigeria stake - Proshare

9.      ASEN Inaugurated; NASD USI Declines by 2.6% WoW – 110818

10.  NASD Releases Exposure Draft of Proposed Rules; NMRC Held 4th AGM

11.   NASD Market Cap Closed Higher by 1.2%; LBIC Shareholders Approve Admission To NASD

12.  NASD USI Increased By 1.2%; ARM Life Plc Holds 20th AGM

13.  NASD OTC Closed the Week Positive as Niger Delta Exploration and Production Plc Gains 20% WoW!

14.  NASD OTC Closed The Week Positive; USI Up By 1.13% WOW

15.   NASD Plc to Hold 5th AGM on July 11th, 2018; USI Sheds 1.13% WoW

16.  NASD OTC Market Closed Red by -0.1% WoW

17.   NASD OTC Market CAP Sheds 1% WoW to Close at N446.65bn

18.  Investors On NASD OTC Exchange Record N1.76bn Loss WoW

19.  Fan Milk, Swap Technologies to Hold AGM as NASD USI Inches Up by 0.67% WoW

READ MORE:
Related News
SCROLL TO TOP