MTN EBITDA

Sourced from TheTechieGuy (https://thetechieguy.com/) MTN Group has reported strong operational and financial performance for the first quarter of 2021. “The MTN Group has delivered a solid Q1 2021 trading performance, with service revenue and EBITDA margins expanding on the back of continued commercial momentum and resilient networks,” says MTN Group President and CEO, Ralph Mupita. He adds that the Group’s Ambition 2025 strategy had gained execution traction during challenging COVID-19 macroeconomic conditions in the quarter. In constant currency terms, service revenue grew by 17.8% to R42.3 billion at end-March 2021, earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 21.3% and the EBITDA margin widened to 44.2% from 42.7%. “The overall Group results were suppo...