MTN Ghana has announced the payment of a final dividend of GH¢ 0.04 per share to its shareholders. The announcement was made at its second annual general meeting held on August 13, 2020, for the 2019 financial year.
According to MTN, the dividend will be transferred electronically to the bank accounts or Mobile Money wallets of shareholders who make use of these facilities on Friday, 28 August 2020.
Also, this brings the total dividend for the full year to GH¢ 0.06 per share and is subject to deduction of appropriate taxes.
In a statement issued by the company, Board Chairman, Ishamel Yamson stated that the company delivered a strong profit after tax growth of 33.6% year-on-year (YoY) to GH¢1.01 billion as at December 2019.
He also stated that the increased profitability performance was anchored on strong service revenue growth coupled with successful execution of cost-efficient strategies.
“In 2019, MTN Ghana delivered a strong profit after tax growth of 33.6% year-on-year (YoY) to GH¢1.01 billion as at December 2019. The increased profitability performance was anchored on strong service revenue growth coupled with successful execution of our cost-efficient strategies. We grew service revenue by 22.8% YoY, driven by excellent growth in revenues from Voice, Data and MoMo,” he said.
“Voice revenue was up in the double-digits and increased by 19.4% YoY to GH¢2.31 billion and contributed 44.9% of service revenue. Data revenue growth was strong at 32.5% YoY to GH¢1.46 billion and contributed 28.4% of service revenue. MoMo revenue continued to grow strongly, increasing by 28.0% YoY to GH¢0.96 billion and contributed 18.6% of service revenue,” he added.
He further noted that at the close of 2019, Scancom PLC operators of MTN Ghana had a market capitalisation of GH¢8.6 billion, making it the third-largest listed company on the Ghana Stock Exchange.
Chief Executive Officer of MTN, Selorm Adadevoh also assured the company’s customers of continuous innovation and customer focus.
“To maintain our relevance and to keep up with the dynamism of the telecommunications industry, we will continue to innovate, create and build meaningful relationships that will improve customer experience and brighten lives. Our focus on the customer is paramount and drives continuous innovation.,” he said.