MTN Uganda 2021 Results Archives

THE WIM EFFECT: 5 graphs that demonstrate how MTN Uganda has thrived under Wim Vanhellepute’s 6-year leadership

Muhereza KyamuteteraThe Big StoryApril 6, 2022April 6, 2022

2021 was one of MTN Uganda’s historic years. The company not only closed its much-awaited listing on the Uganda Securities Exchange on December 06th 2021, but it also set some new operating record highs. For example, for the first time in the company’s 23-year history, the company’s revenues, crossed the UGX2 trillion mark, reaching UGX2.06 trillion! Total assets, also crossed UGX3 trillion, reaching UGX3.3 trillion and customers surpassed 15 million, closing the year at 15.7 million. Loosely translated, MTN Uganda, in 2021, grossed UGX5.6 billion daily and made nearly UGX1 billion in net profit per day! At 15.7 million subscribers,…

This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!

Great execution, under tough times― MTN Uganda’s major shareholder, NSSF and other financial analysts weigh in on 2021 results

Muhereza KyamuteteraCompany News The Big StoryMarch 8, 2022March 8, 2022

Uganda’s National Social Security Fund (NSSF), MTN Uganda’s second-largest shareholder has welcomed the just-released 2021 MTN Uganda results as impressive and said that the declared dividend is timely. In an online interview with CEO East Africa Magazine, Richard Byarugaba, the Managing Director of NSSF said: “Impressive subscriber growth (mobile subscribers – 10.7% to 15.7M), and double-digit growth in key segments (data and mobile money) coupled with operational efficiencies contributed towards a 14% growth in operating earnings. The dividend declared and due for approval and payment is a plus for investors given the challenging times.” With 8.84% shares, NSSF is MTN…

This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!

Subtotal	UShs0
Shipping	UShs0
Tax	UShs0
Total	UShs0