MTN Records 35.1% Increase In Profit Before Tax To ¢4.1bn In Quarter 3

Leading telecommunication firm, MTN Ghana, recorded 35.1% increase in profit before tax to ¢4.1 billion in the 3rd quarter of 2021. According to its 3rd Quarter Financial Statement, MTN Ghana, maintained solid growth momentum in the 3rd quarter of 2022 in a challenging macroeconomic and operating environment. Mobile phone subscribers increased by 13.0% to ¢28.5 million. Voice revenue increased by 23.4% year-on-year-year to ¢2.4 billion. This was helped by a 13.0% year-on-year expansion of its subscriber base and various customer value management (CVM) initiatives and portfolio rationalization initiatives. The contribution of voice to service revenue however decreased from 34.6% to 33.4% year-on-year…