Telecommunications giant MTN Ghana, for the year 2020 recorded Ghs 1.3 billion in total profit.
The recorded profit represents a 38.4% year-on-year growth when compared to profit recorded for 2019.
Per the company’s 2020 Financial Statement, total revenue was Ghs 6 billion, a 16.4% increase over that of 2019.
After reviewing the MTN’s performance for the period under review, the company’s board approved and interim dividend payment of Ghs 0.03 per share and also recommended a final dividend payment of Ghs 0.05 per share, bringing the total dividend payment for the year 2020 to Ghs 0.08 per share.
Dividends payment for the year 2020 represents a 33.3 per cent increase in dividend per share for over those paid in 2019.
MTN Ghana last year increased its subscriber base by some 23.4 per cent to 24.4 million with active data subscribers increasing by 32.4 per cent to 10.8 million.
Active Mobile Money (MoMo) users also increased by 16.3 per cent to 10.6 million. The company’s digital revenue however declined by 6.2 per cent year-on-year.
