MTN Ghana has recorded total revenue of about GH₵5.4 billion (GH₵5,362,262,000), representing 39.4 percent increase for the first quarter (Q1) of 2025 compared to the same period last year.
The company also posted a profit after tax of over GH₵1.7 billion (GH₵1,710,580,000) for the same period. This was contained in the company’s financial performance from January to March 2025 published by the Ghana Stock Exchange.
The Chief Executive Officer of MTN Ghana, Stephen Blewett attributed the performance to strategic initiatives and investments across key business lines such as data, digital services, voice communications and Mobile Money.
“The first quarter of 2025 was characterised by solid execution of our commercial strategy, culminating in a 5.2% expansion of our subscriber base and a 39.6% increase in service revenue”, he added.
According to the statement, service revenue increased by 39.6 percent to about GH₵5.35 billion compared to the same period last year.
Total profit before tax for period stood at GH₵2.4 billion (GH₵2,430,252,000).
The company paid a profit tax of GH₵719.7 million, which is about twice what it paid (48% +) for the same period under review.
Total capital expenditure (capex) stood at GH₵1.17 billion. This is 3.6 percent less than what the company invested in the first quarter of the same period last year.
Credit: JOYONLINE
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