MTN declares N1.65 tn as profit, records fastest growth in 5years

MTN Nigeria has declared a turnover of N1.65 trillion for 2021. The figure represents 24.7 per cent increase from its 2020 turnover.

The telecoms company generated over N516 billion from data services in the declared year. Its total revenue grew by 55 percent in the same period.

MTN disclosed this in its 2021 audit report.

However, the company’s revenue from sale of airtime/subscription fell, compared to the previous years. Despite the company says its earnings airtime services improved by 7 percent.

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