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