MTN post a 30.6% rise in H1’09 profits

www.WirelessFederation.com/news: MTN, the South African mobile operator, has reportedly announced a hike of 30.6% year-on-year in its H1’09 net profits to ZAR9.09 billion (USD1.16 billion). Revenues for the six months ended 30 June totalled ZAR57.27 billion, up 24% from ZAR46.13 billion a year earlier. EBITDA for the operator was up 25% year-on-year, to reach ZAR24.5 billion at June 2009 – end. Operating expenses for the period grew to ZAR8.06 billion, up from ZAR5.89 billion a year earlier. The operator added 29.2 million new subscribers in last twelve months ending June with 103.2 million mobile subscribers.