MTN share price falls as Rwanda profits drop by more than a third
MTN Rwanda said its profits dropped in the March quarter due to the payment of the first instalment to renew its operating licence
06 May 2022 - 14:56
UPDATED 08 May 2022 - 13:49
MTN’s share price fell 3.17% to R167.15 on Friday after it announced that profit at its Rwandan unit fell by more than third in the March quarter.
MTN Rwanda, which accounts for 2.36% of MTN Group subscribers, said on Friday that the unit’s profit after tax fell to Rwf 4.12bn (R64.5m) for the three months to end-March, a decline of 39.6% year on year...
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