In its audited result for the 2022 financial year made available to the Nigerian Exchange Limited , the telecom giant’s profit before tax grew by 22.3 per cent to N534 billion, while net profit for the year rose by 21.1 per cent to N361.5 billion.
Mobile subscribers increased by 10.5 per cent to 75.6 million, active data users increased by 15.3 per cent to 39.5 million, while active fintech subscribers rose by 57.5 per cent to 14.9 million. Speaking on the performance, CEO, MTN Nigeria, Karl Toriola, said: “Navigating a challenging operating environment in 2022 was challenging due to global macroeconomic and geopolitical volatility, resulting in higher inflation, supply chain uncertainties, foreign exchange volatility and availability.
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