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MTN Ghana made 8x revenue, 12x profit, paid 18x taxes under...

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Outgoing CEO of MTN Ghana, Selorm Adadevoh recently revealed that for the five years plus that he has been here, MTN Ghana has recorded...

MTN Nigeria’s pre-tax profit declines by 75.7%

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MTN Nigeria recorded a year-on-year decline of 75.7% in its profit before tax to N32.08 billion (US$40.8 million) in Q3 2023, as compared to...

Samsung forecasts further financial woe

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Samsung Electronics estimates that profitability in Q3 would decline again after its bottom-line was hit by a third consecutive period of weak demand and...

Vodacom full-year profit slides 6.4%

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Vodacom Group reported a 6.4% drop in full-year profit due to load shedding and operational activities. Its headline earnings per share came in at R9.48 for...

Airtel Africa reports 5% dip in profit

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Airtel Africa's revenue has been on the rise, but unfortunately, its profit margin faced a 5% decline during the first quarter of this year. The...

Huawei just booked its first sales rise since US blacklisting

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Huawei Technologies reported its first quarterly sales rise since the end of 2020, as the Chinese telecommunications gear giant fights the US blacklisting that...

Zoom sales, profits exceeds expectations

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Zoom Video Communications projected sales and profit for the current quarter that topped Wall Street’s estimates, a sign that the software vendor is finding ways...

MTN’s 2021 profit hits ¢2 billion

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Telecoms giant, MTN Ghana, recorded a significant increase in its profit after tax for last year. According to its 2021 Financial Statement, the profit went...

Nokia records revenue growth in Q3, despite supply constraints

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The massive organizational shake-up at Nokia is paying off, as the tech giant recorded earnings growth in Q3 despite chip supply constraints and issues...

Samsung mobile sales, profits drop due to supply constraints

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Samsung’s mobile unit has recorded a drop in sales and profitability in Q3 due to continued supply constraints, weaker demand and increased marketing spending...
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