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MTN reported its first loss in 8 years.

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GUEST – Ralph Mupita - MTN Group CEO
MTN has recorded a substantial loss following the devaluation of the Nigerian Naira. In the first six months of 2024 (H1 2024), the group’s service revenue (in rand terms) dropped by 20% from R107 billion to R85 billion.
On a more positive constant currency basis, group service revenue increased by 12.1%.

19 Aug 2024 3PM English South Africa Business News · Investing

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