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Home Opinions Blurb

MONEY, EVERYWHERE YOU GO==>> MTN POST N2.7TRILLION REVENUE, N774BILLION FROM NIGERIA ALONE

Nairametrics by Nairametrics
March 12, 2013
in Blurb, Spotlight
MTN Post N2tr Revenue For 2013 With Nigeria Contributing The Most At 35%
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MTN 2012 Annual Report

 

MTN released its full year to December 2012 Financial Statement posting a revenue of R135.1billion (N2.7tr) up from R121.8billion posted a year earlier. As expected, a huge chunk (29%) of  the company’s revenue was derived in Nigeria raking in about N774billion (R38.6billion). This represented an 11% increase over the same period in Rand terms even though that may have been a negative growth in Naira terms.

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In terms of Ebitda margin (Earnings before tax depreciation and amortization) the company made a total R58.6billion or about 43% of revenues . Though, slightly lower than the 44.% margin obtained a year earlier, the figure is rather impressive considering the shaky global economic recovery. Interestingly, Nigeria generated about 38% of the total Ebitda margins with R22.5billion. This also represents a whopping 58.3% Ebitda margin when paired against revenues earned in Nigeria. Interestingly that figure is down from the 61.7% Ebitda margin posted a year before.

Capital Expenditure

MTN more than doubled its Capex spend in Nigeria to R13.7trillion in 2012 by far the highest within countries in its group (45.6%)

Data

On Data revenue, the report showed about 3.8million registered mobile phones and 301,000 dongles connected to its data services. The company also claimed its revenue from data increased 247.8% (even though the actual figure wasn’t stated.

Profitability

MTN posted a total profit after tax of R24.06m a 17.7% profit margin and a 25.8% Return on Average Equity.

Download MTN 2012 Annual Report

 

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    March 27, 2013 at 5:27 pm

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