MTN Uganda records an impressive 21.4% surge in PAT to Ushs 493bn.
MTN Uganda, the country’s leading telecom company, has announced a remarkable
21.4% surge in its after-tax profits, reaching UShs 493 billion for the year ending
December 31, 2023. This impressive financial performance has been attributed to a
significant 16.1% increase in service revenue, which totaled UShs 2.63 trillion.
Key drivers of this growth include a substantial 21.6% rise in data revenue, reaching
UShs 621.9 billion, and an expansion in the number of active data subscribers by 22.4%,
totaling 8.2 million. The company's overall subscriber base also saw a healthy increase
of 13.3%, reaching 19.5 million.
MTN Uganda’s CEO Sylvia Mulinge said the company's financial success is a testament
to its commitment to local market engagement and capital market deepening in
Uganda.
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