South African telecoms group MTN swings to annual profit

An MTN logo is seen outside the company’s headquarters in Johannesburg, South Africa, March 13, 2023. REUTERS
JOHANNESBURG, March 16 (Reuters) – Africa’s biggest telecoms ​operator MTN Group ‌on Monday said it swung to ​an annual ​profit before tax ⁠of 47.4 billion ​rand ($2.81 billion), ​led by strong performances in MTN Nigeria ​and MTN ​Ghana.
South Africa-headquartered MTN had ‌reported ⁠a restated loss before tax of 4.1 billion ​rand ​in ⁠2024.
The operator declared a ​final dividend ​of ⁠500 cents per share, up ⁠45%.

Reporting ​by Nqobile Dludla; Editing ​by Himani Sarkar

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