MTN continues to deliver strong financial results, creating value for shareholders while consolidating its position of leadership in developing markets
Subscribers surged 48% to 23,2 million, revenue increased to R27,2 billion and EBITDA margin was maintained at 41,3%. Our expansion strategy has borne fruit, yielding investments in five developing markets and paving the way for continued organic growth.
The MTN Group changed its financial year-end from 31 March to 31 December in line with its operating cycle and international peers. Consequently, the reported results cover a period of nine months and are not directly comparable to the audited results for the full year to 31 March 2005.
