Browsing: MTN Uganda revenues

MTN Uganda recorded a 9.1 per cent increase in net profit to about $120.47 million for the first six months of 2020, according to the company’s latest interim results.

According to the report, the strong performance of mobile money, data and digital income attributed to the performance.

MTN Uganda overall revenues grew by 7.6 per cent to about $244.97 million in the six months while data incomes saw a 30 per cent growth from about $34.84 million to about $45.45million.

The company’s mobile money which has been another cash source grew by 6.5 per cent to about $58.25 million as its active mobile money subscribers hit 7.4 million an increase from 7.3 million.

Meanwhile, its Voice revenues grew from about $124.67 million to about $128. 2 million as the company reported a 10 per cent growth in subscriber base to 13.2 million, up from 13 million last year.

The number …