MTN Group reported a 68.9% decrease in full-year earnings due to Nigeria’s currency devaluation and challenges in Sudan, with headline earnings falling to 98 cents per share from 315 cents. The company announced a final dividend of 345 cents per share, an increase from last year.
On March 17, 2025, MTN Group reported a significant 68.9% decrease in its full-year earnings, attributed to the devaluation of Nigeria’s currency and operational hurdles encountered in Sudan. The Johannesburg-based telecom operator noted that its headline earnings per share fell sharply from 315 cents in 2023 to just 98 cents for the fiscal year ending December 31, 2024. Despite these challenges, MTN declared a final dividend of 345 cents per share, an increase from 330 cents.
In conclusion, MTN Group faces considerable difficulties, highlighted by a steep decline in earnings due to currency devaluation in Nigeria and ongoing operational issues in Sudan. While the company has increased its dividend, the substantial drop in earnings per share indicates a challenging financial landscape for the telecommunications giant moving forward.
Original Source: www.cnbcafrica.com
