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

MTN GROUP LIMITED

(MTN)
  Report
End-of-day quote. End-of-day quote Johannesburg Stock Exchange - 01/20
65.37 ZAR   +2.96%
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MTN : Nigeria Records Sharp Rise in Subscriber Numbers

10/29/2020 | 07:06am EST

MTN Group's largest subsidiary, MTN Nigeria, on Wednesday, reported a sharp rise in subscriber numbers in the third quarter - up 3.9 million from the second quarter to reach 75 million - while active data subscribers climbed by 1.7 million to 30.7 million.

The emerging-markets telecommunications group revealed the numbers in the results for its Nigerian operation for the nine months to 30 September 2020.

Cumulative net additions totalled 10.7 million in the nine-month period, marking the first time it has exceeded 10 million additions in an annual cycle with one quarter remaining.

Despite the subscriber growth, MTN Nigeria's operating margins came under pressure with from rising costs impacting its margins and dampening profitability, said outgoing CEO Ferdi Moolman. There was also volatility in both voice and data revenue affecting overall service revenue.

"Following a decline in voice and an acceleration in data during lockdowns in Q2, we have seen a normalisation of traffic as restrictions have been removed, with a recovery in voice traffic and continued growth in data. This has supported a 13.9% growth in service revenue, with an acceleration of growth to 16.5% in Q3 specifically," Moolman said.

Vanguard

Copyright Vanguard. Distributed by AllAfrica Global Media (allAfrica.com)., source News Service English

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Financials
Sales 2020 174 B 11 709 M 11 709 M
Net income 2020 15 365 M 1 037 M 1 037 M
Net Debt 2020 109 B 7 354 M 7 354 M
P/E ratio 2020 8,24x
Yield 2020 5,13%
Capitalization 118 B 7 898 M 7 933 M
EV / Sales 2020 1,31x
EV / Sales 2021 1,25x
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 65,37 ZAR
Spread / Highest target 45,3%
Spread / Average Target 27,2%
Spread / Lowest Target -9,74%
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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