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MarketScreener Homepage  >  Equities  >  Johannesburg Stock Exchange  >  MTN Group Limited    MTN   ZAE000042164

MTN GROUP LIMITED

(MTN)
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MTN Group Nine-Month Ebitda, Service Revenue Grew

10/30/2020 | 01:21am EST

By Adria Calatayud

MTN Group Ltd. said Friday that third-quarter earnings and service revenue for the first nine months of 2020 rose, driven by a strong performances in its key South Africa, Nigeria and Ghana markets.

The South Africa-based telecommunications group said earnings before interest, taxes, depreciation and amortization increased 14% at constant currency for the first three quarters of the year with a margin of 43.3%, up from 41.9% a year earlier.

Service revenue for the period grew by 11% at constant currency.

The company said it delivered a solid performance in the third quarter, as positive momentum achieved toward the end of the first half was sustained. MTN said it benefited from a turnaround in its South African operations, with an acceleration in its core consumer and enterprise business units.

MTN said it added 12 million subscribers and 5.3 million active data users, bringing the group's total to 273.4 million and 107.2 million, respectively.

Write to Adria Calatayud at adria.calatayud@dowjones.com

(END) Dow Jones Newswires

10-30-20 0220ET

Stocks mentioned in the article
ChangeLast1st jan.
DOW JONES AFRICA TITANS 50 INDEX 0.13% 542.19 Delayed Quote.2.57%
DOW JONES SOUTH AFRICA(ZAR) 0.00% 1875.33 Delayed Quote.6.33%
MTN GROUP LIMITED -1.83% 64.33 End-of-day quote.6.88%
S&P AFRICA 40 INDEX -0.72% 175.63 Delayed Quote.1.64%
All news about MTN GROUP LIMITED
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More news
Financials
Sales 2020 174 B 11 480 M 11 480 M
Net income 2020 15 302 M 1 011 M 1 011 M
Net Debt 2020 109 B 7 215 M 7 215 M
P/E ratio 2020 8,10x
Yield 2020 5,21%
Capitalization 116 B 7 683 M 7 643 M
EV / Sales 2020 1,29x
EV / Sales 2021 1,24x
Nbr of Employees -
Free-Float 65,1%
Chart MTN GROUP LIMITED
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MTN Group Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends MTN GROUP LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 11
Average target price 83,18 ZAR
Last Close Price 64,33 ZAR
Spread / Highest target 47,7%
Spread / Average Target 29,3%
Spread / Lowest Target -8,29%
EPS Revisions
Managers and Directors
NameTitle
Ralph Tendai Mupita Group President, CEO & Executive Director
Mcebisi Hubert Jonas Chairman
Jens Schulte-Bockum Group Chief Operating Officer
Sugentharan Perumal Chief Financial Officer
Charles Molapisi Chief Information & Technology Officer
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