Scancom PLC, known as MTN Ghana, reported a successful year in 2023.

The company announced a profit of GH¢3.98 billion cedis and declared a dividend of GH¢0.175 per share in its audited 2023 Financial Report released yesterday.

The company’s share price on the Ghana Stock Exchange dipped by 0.01 pesewas yesterday to close trading at GH¢1.39.
While the year presented its share of difficulties, MTN Ghana remained focused on delivering value to its stakeholders.

The company’s service revenue grew by 34.6% year-on-year, driven by strong growth in voice, data, and Mobile Money. This growth translated to a 39.4% year-on-year increase in profit after tax, reaching GH¢4.0 billion.

Additionally, MTN Ghana maintained a healthy balance sheet with GHS 225 million in outstanding principal debt. It paid paid GH¢5.9 billion in direct and indirect taxes.

Source: graphic business


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