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| Name | Symbol | Market | Type |
|---|---|---|---|
| MTN Group Ltd (PK) | USOTC:MTNOY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.20 | -3.15% | 6.14 | 6.03 | 6.23 | 6.17 | 6.085 | 6.09 | 25,371 | 21:00:57 |
From Feb 2020 to Feb 2025
By Tapan Panchal
LONDON--MTN Group Ltd. (MTN.JO), Africa's largest telecommunications company, Wednesday reported 15% year-on-year growth in revenue for the first four months of 2016, but said full-year performance is expected to be affected by weak conditions in key trading markets and tough competition.
The Johannesburg, South Africa-based telecom giant attributed the strong rise in revenue to a drop in average South African rand exchange rates against the Nigerian naira and U.S. dollar. Organic revenue in the four-month period rose only 1%, impacted by lower revenue growth in Nigeria, Uganda and Cameroon.
MTN's subscriber base rose by around 1% in the period to 230.3 million. The lower growth was a result of the company's drive to de-register non-compliant subscribers in Nigeria and Uganda.
Write to Tapan Panchal at tapan.panchal@wsj.com
(END) Dow Jones Newswires
May 25, 2016 04:01 ET (08:01 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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