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@kfm Fri, 08 Nov 2024 10:00:05

MTN Uganda reports 29.6% increase in Profit after Tax

MTN Uganda has announced a 29.6% year-on-year increase in profit after tax, totaling Shs 459.4 billion for the nine months in 2024, The growth was largely attributed to exceptional performance in MTN Uganda’s data and fintech segments, aligned with the company’s commitment to digital and financial inclusion in Uganda. Service revenue grew by 20.1% year-on-year, reaching Shs 2.31 trillion, with strong gains in data (up 30.1%) and fintech services (up 23.5%). MTN’s chief executive officer, Sylvia Mulinge attributed the growth to the company’s strategic focus on expanding high-demand services while improving operational efficiencies. “Our substantial growth in profit and service revenue highlights MTN Uganda’s role as a leader in Uganda’s digital transformation journey,” said Mulinge. “By focusing on our data […] The post MTN Uganda reports 29.6% increase in Profit after Tax first appeared on 93.3 KFM.

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