Nigeria’s leading telecommunications company, MTN Nigeria Communications Plc, has just announced its unaudited results for the first quarter ended 31 March, 2022.
The reported presented to the market on Friday through a regulatory filing at the Nigerian Exchange Limited (NGX) showed gross positive performance across various metrics.
Below is a snapshot capturing 10 interesting figures indicating fundamentals of its activities both in the capital market and in the telecoms space during the three-month period under review.
10 Key Performance Metrics
- Mobile subscribers declined by 1.3 million to 70.2 million YoY, impacted by the regulatory restrictions on new SIM sales and activations o Added 1.7 million subscribers in Q1 2022 vs Q4 2021
- Active data users increased by 3.4 million to 35.9 million YoY. It added 1.6 million active users in Q1 2022 vs Q4 2021
- Active fintech subscribers rose by 6.2 million to 10.7 million YoY. This came after additional 1.3 million subscribers joined the service in Q1 2022 vs Q4 2021
- Service revenue increased by 22.0% to N469.8 billion
- Earnings before interest, tax, depreciation and amortisation (EBITDA) grew by 25.7% to N257.1 billion
- EBITDA margin increased by 1.5 percentage points (pp) to 54.6%
- Profit after tax (PAT) grew by 31.3% to N96.8 billion
- Earnings per share (EPS) rose by 31.3% to N4.76 kobo
- Capital expenditure (Capex) rose by 80.8% to N162.5 billion (up 156.8% to N81.2 billion, excluding right of use assets)
- Final dividend of N8.57 kobo per share for FY 2021
