{"id":13353,"date":"2026-08-11T15:52:40","date_gmt":"2026-08-11T15:52:40","guid":{"rendered":"https:\/\/stock999.top\/?p=13353"},"modified":"2026-08-11T15:52:40","modified_gmt":"2026-08-11T15:52:40","slug":"mtn-sees-first-half-profit-jump-on-nigeria-ghana-mobile-gains","status":"publish","type":"post","link":"https:\/\/stock999.top\/?p=13353","title":{"rendered":"MTN sees first-half profit jump on Nigeria, Ghana mobile gains"},"content":{"rendered":"<p><\/p>\n<p style=\"font-weight: 400;\">MTN Group said adjusted first-half earnings climbed as much as 23% after improved results from the Nigerian, Ghanaian and Ugandan operations of Africa\u2019s biggest mobile network operator.<\/p>\n<p style=\"font-weight: 400;\">Adjusted headline earnings per share for the six months ended 30 June are in a range of R7.75 To R8.08 compared with R6.57 a year earlier, the Johannesburg-based company said in a statement on Tuesday.<\/p>\n<p style=\"font-weight: 400;\">The operational performance at the company\u2019s units is translating into stronger profit, with rising data usage, fintech adoption and some economic stability improving results from the region.<\/p>\n<p>ADVERTISEMENT<\/p>\n<p>CONTINUE READING BELOW<\/p>\n<p style=\"font-weight: 400;\">Net income for its business in Nigeria, its biggest market with about 81 million subscribers, surged 71% in the period, while profit at its Ghanaian operation climbed 43%, the units said in separate statements in the last week of July.<\/p>\n<p style=\"font-weight: 400;\">In Uganda, profit after tax climbed 38%, the firm said on 7 August.<\/p>\n<p style=\"font-weight: 400;\">So-called headline earnings were likely flat because of impairment losses relating to the company\u2019s investment in Iran.<\/p>\n<p style=\"font-weight: 400;\">MTN in 2020 decided to sell its 49% stake in its Iranian venture, but US sanctions against the Middle Eastern nation \u2013 in place since May 2018 \u2013 have stymied the efforts, with the conflict that broke out on 28 February further hindering the plan.<\/p>\n<p>ADVERTISEMENT:<\/p>\n<p>CONTINUE READING BELOW<\/p>\n<p style=\"font-weight: 400; text-align: left;\">MTN shares declined 4% after the update to the lowest since 21 April.<\/p>\n<p style=\"font-weight: 400;\">The drop pared their gain this year to 16%, valuing the business at R362 billion.<\/p>\n<p style=\"font-weight: 400;\">\u00a9\u00a02026\u00a0Bloomberg L.P.<\/p>\n<p>                        #MTN #sees #firsthalf #profit #jump #Nigeria #Ghana #mobile #gains<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MTN Group said adjusted first-half earnings climbed as much as 23% after improved results from&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[18656,567,11407,229,2827,3317,9330,2117,2740],"_links":{"self":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/13353"}],"collection":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13353"}],"version-history":[{"count":0,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/13353\/revisions"}],"wp:attachment":[{"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}