MTN hits N1.46trn turnover in nine months



MTN Nigeria Plc achieved further accelerated growth in sales revenue from N471 billion in the first quarter, N479 billion in the second and N506 billion in the third, which add up to N1.46 trillion turnover for the telecommunications company in the nine months of operations in 2022.

This marks a rebound in quarterly revenue numbers for the company after a slowdown in the second quarter from 22 percent growth in the first quarter to 18 percent and pushing back to 22 percent in the third quarter.

The company’s interim financial report for the third quarter ended September 2022 shows that it is another strong year in the making with an increase of 20.7 percent in turnover from N1.21 trillion in the same period last year.

The company closed last year’s operations with turnover up by about 23 percent to N1.65 trillion. The renewed strength in the third quarter has brightened the prospects for a full-year turnover expectation in the region of N2 trillion for MTN Nigeria in 2022.

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