MTN Warns Investors Its Profit Will Drop By 20% Because Of Nigeria

Spread the love
0
(0)

MTN Group has issued a profit warning informing investors that they expect its full year profits to drop by about 20%.

The telecoms giant claims its profits was severely affected due to “under performance in Nigeria” its largest market.

MTN in 2014 reported that its revenue growth of 6,4% in the year was largely the result of an increase of 12.1% in MTN Nigeria’s revenue. MTN also faces a $3.9 billion fine from the NCC which it has taken to court and still trying to negotiate with authorities.

Reuters reports shares of MTN Group slumped more than 13% on Friday following this news as investors worry that things could even get worse if it provides for the Nigerian fine.

The post above and its ensuing comments, if any, is purely the opinion of the writer(s). It therefore should never be considered as an investment advise of any sort. If required, readers should please consult a competent professional financial adviser for any investment decision.


BUY 1 MILLION UK US EMAILS AND START RESELLING ON ADVERTIS.I.NG BUY 1 Million UK US EMAILS AND START RESELLING

PRETTY GIRL PHOTO NIGERIAN SINGLES FREE DATING


DROPS.NG DROPS ALL ABOUT CARS TAXIS TRUCKS & MORE
powered by dotifi.com  start an online business free selling domains hosting websites apps advertising business accounting solutions and more CONTACT US NOW NIGERIAS FIRST CAR SEARCH ENGINE BUY SELL CARS ONLINE ANYWHERE IN THE WORLD CALL SMS WHATSAPP 234 806 495 0565 POWERED BY DROPS.NG RINGROAD CAR BOOKING & DOTWAKA.COM SHIPPING & WWW.AIR.I.NG OJO OJO O ! NIGERIAS FIRST SEARCH ENGINE
FOR ADVERT CALL WHATSAPP 234 806 495 0565 !
EMAIL abi@dotifi.com
100% Natural Herbs to Finally End Premature Ejaculation and Weak Erection. Click here .
Latest Jobs in Nigeria (Graduates/Non-graduates). Click Here to Apply .
Facebook Comments Box

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

We are sorry that this post was not useful for you!

Let us improve this post!

Tell us how we can improve this post?

Leave a Reply

Your email address will not be published.