MTN flags slight interim profit growth despite forex losses
The floating of Nigeria’s naira hurt the mobile operator in June
31 July 2023 - 09:10
UPDATED 31 July 2023 - 17:04
MTN is playing wait-and-see about how Nigeria’s new foreign exchange regime and a new tax on tower leases will affect its full-year performance in its largest market.
This, as Africa’s largest mobile operator expects its interim profit to remain flat or rise despite the impact of hyperinflation and forex in some of its markets, notably in Nigeria...
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