MTN has declared a 300c final dividend for 2021, from none previously, and says shareholders should expect at least 10% growth for 2022
Africa’s largest mobile operator MTN has restored its dividend for the year to end-December, also telling shareholders they should expect a growth in payouts, as it benefits from a cost-cutting drive and growing demand for both data and digital services.
The group said on Wednesday that the Covid-19 pandemic had proved beneficial for cashless payments, with MTN’s service revenue growing 18.3% to R171.8bn to end-December, while headline earnings rose 32% to R17.78bn...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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