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MTN Group FY revenue up 12% to ZAR 136.5 bln on weak rand

2014-03-05 09:50:00| Telecompaper Headlines

(Telecompaper) MTN Group posted a 12 percent increase in its revenue for 2013 to ZAR 136 billion compared with 2012, boosted by a weakening of the rand against a number of currencies. For the year as a whole, the rand declined by 18.3 percent on average against the US dollar. On a constant currency basis, revenue increased by 3.1 percent. This was largely the result of a 6.1 percent decline in revenue at MTN South Africa and 5.7 percent growth in MTN Nigeria.

Tags: group revenue weak rand

Category:Telecommunications

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