MTN Nigeria Communications
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WaneInvestmentHouse
Community Contributor
MTN Nigeria Reports N400.44 Billion Loss After Tax for FY 2024 Amidst Naira Devaluation
MTN Nigeria has announced a loss after tax of N400.44 billion for the year ended December 31, 2024, driven by significant foreign exchange losses resulting from the devaluation of the naira. Key Point: The telco's loss after tax surged by 192% from N137.02 billion in 2023, primarily due to foreign exchange losses of N925 billion, which offset the company's revenue growth of 36% to N3.36 trillion.
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5.7% overvalued intrinsic discount25.97%
Revenue growth p.a.
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